30/11/04 09:15 Sydney - Tuesday - November 30: (RWE Australian...

30/11/04 09:15

Sydney - Tuesday - November 30: (RWE Australian Business News) - Macquarie Infrastructure Group will announce distribution guidance of 77.5c per stapled security for the year to June 30 2005 at its annual general meeting today. Chief executive Mr Stephen Allen says, "The 77.5c represents the proposed distribution to security holders of the vast majority of the proceeds from the successful Cintra IPO of 70c per stapled security, in addition to the previously announced distribution guidance of 7.5c for the financial year." He says the distribution is to be paid in two parts - 63.75c for the six months to December 2004 and 13.75c for the six months to June 30 2005, 10c of which is subject to the approval for and implementation of the recently announced restructure of MIG. MIG also provides preliminary distribution guidance for the 2006 financial year of 15c per security. In addition, directors anticipate there is potential for some further increases in distributions for the 2007 year. MIG stapled securities rose 1c to $3.86 yesterday.