dont understand?, page-13

Key elements of the proposal are as follows:

• No distribution will be paid for the December 2008 half year;
• It is intended that the distribution payable for the six month period ending 30 June 2009 will
be reduced to 1.5 cents per unit (subject to trading and market conditions);
• The cash retained under this strategy will be applied to reduce liabilities;
• Retention of the December 2008 distribution should add about 4 cents per unit to NTA;
• An asset sales program with targeted sales of at least ¥2.5 billion (approximately A$401
million) in calendar year 2009.

In a market where high gearing is a concern, the fact that GJT is looking to reduce this should be a good thing. However alot of people are in this stock for it's high yield. something that has now gone. so many will bail,
oh well....