BAO as subtantial holder of the Multiplex New Zealand Property Fund Units could sell units it holds or receive extra distributions as a result of this sale further increasing its substantial cash position
19 July 2012 Dear Unitholder RE: Multiplex New Zealand Property Fund (Fund) - Update regarding the sale of ASB Bank Centre, Auckland Brookfield Capital Management Limited (BCML) as responsible entity of the Fund advises that agreement has been reached for the sale of ASB Bank Centre, Auckland to Auckland Council for a price of NZ$104 million. Settlement of the sale is expected on 27 July 2012. As communicated on 16 July 2012, BCML will be providing further information to unitholders in relation to the Fund and the status of other property sales in due course. If you have any enquiries concerning your unitholding, please telephone 1800 766 011 between 8.30am and 5.30pm AEST time Monday to Friday. Regards Brookfield Client Services
BAO Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
