DanThe PDP is applied to the original investment of $1 per unit...

Dan
The PDP is applied to the original investment of $1 per unit ie somewhere between 7.5 and 8.5 cents per unit per annum, depending on where the dividend yield of the ASX property trust index is sitting.
According to Brookfield, the current dividend shortfall is running at around $2.3 miilion per annum.

Investors need to understand that BAO could make a dividend payment or a capital return at any time if it first made a payment of circa $2.3 million to MPIF to top up the dividend paid in the previous 12 month period to the PDP amount.

Given that BAOs current market cap is about $70 million below its current NTA, and that a lot of this huge (almost 70%)discount is ostensibly due to investors fears about BAO s capacity to pay future dividends because of the MPIF distribution stopper, you would have to conclude that investors arent doing their sums very well.!