Ann: FY20 interim results and revised FY20 guidance, page-7

I have VCX , ouch.
Does feel a tad off. Back in GFC days I was overweight property trusts, and got skinned badly.
I had seen them as relatively safe, steady stuff , with a tax advantaged yield outside the super fund.
The I learnt the ugly , ugly, ugly ,words …….. Debt Covenants.
What had seemed perfectly reasonable companies with good gearing , paying their interest bills, were suddenly forced to sell off assets and raise capital at rock bottom, or even go broke , simply because the debt instruments had clauses which allowed the banks or bond holders to demand their cash back , with quite small drops in asset valuations. So you can be up Ship Creek, even with a reasonable balance sheet.
Vicinity should be fine, I hope, but I would really like someone at Vicinity to tell me that this is not a risk for them.
No distribution for a year or 2, I can live with that, the other outcome would be depressing.