A minimum of 3.3c distribution was already factored into the sp. The sp has gone up 2c today, more than the additional 1.7.
I think that the sp has held up pretty well considering shareholders were originally expecting 10.7c (albeit in cash and shares).
Unfortunately, many buyers today would have been unaware of this, temporarily driving the price way too high.
Don't get me wrong, I think the share price will go much higher in the long term so long as Japan's economy doesn't sink much lower, but in the present market, I think it may go lower. I'll look to re-enter around 33cents if I get the opportunity.
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BJT
babcock & brown japan property trust
closing price, page-6
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