asx release, page-6

Actually, unless I got confused by the intestinal convolutions of CNP's messy ownership structure, the ASX release related to the DFI of two of its subsidiary component funds, which gave out a distribution; CNP gets a percentage of this, the rest is distributed to CMBS note holders (ie; investors in these funds).

So, this is basically a nonevent for CNP. Even the bit where the funds say they've had to write down their NAB's is merely a reflection of the drop in CNP share prices.

What will happen Monday is more up to the Dow and the market's perceptions of Rams Homeloans having secured a second, non-Westpac, roll-over of its maturing debts.