Just thought I'd put up info re: RAT's foreign exchange hedging...

Just thought I'd put up info re: RAT's foreign exchange hedging which seems to be a concern for the share price of late that the high $A to USD could reduce dividends in Australian dollars.

According to Rubicon in August 2007:

*100% of foreign income hedged for 6-8 years at US 69c.
*100% of foreign income hedged against $A rising above 87c, 96% of foreign equity already hedged.

So if the $A goes 88c and up there could be issues.

Although this does not take into account rising rents etc RAT can charge.