Missed the open, in at 33c.10.7c payable in cash (min 3.3c) and...

Missed the open, in at 33c.

10.7c payable in cash (min 3.3c) and new units, the mix of the two is dependant on asset sales, not the 10.7c distribution is the way is read it.



The BJT Board currently anticipates paying a distribution for the 2009 financial year equal to the taxable income of the Trust. On this basis, it is currently anticipated that the distribution for the current half year ending 30 June will be c.10.7 cents per unit.

The final distribution is currently expected to be substantially satisfied by way of a pro-rata issue of new units to BJT unitholders and partially in cash. Taking into account the cash flows required for payments in respect of the internalisation transaction, BJT currently anticipates that it will have c.3.3 cents per unit of distributable cash for the current half year.

This position would be affected by the proceeds of any asset sales and the potential restructuring of the hedging contracts referred to above which contain an early termination option exercisable in August this year. Discussions on the latter are ongoing and a conclusion is expected within the next 6-8 weeks.