Sorry, one important thing I forgot to mention is 100% of the...

Sorry, one important thing I forgot to mention is 100% of the three centres will remain under the management of CRF.

As I mentioned in my last post, the NOI for a half share of the centres currently deliver about $42.3M.

A certain percentage of gross income/ABR would be paid to CRF by the new suitors as management fees.

CRF would realise this as revenue but will still incur costs associated with the maintenance of the centres.

CRF may generate an additional $2M or so as net income from the management rights. This is most likely to increase the dividend by at least another 0.1c.

Cheers