News: AVN Aventus Group Withdraws FY20 Guidance

March 24 (Reuters) - Aventus Group (AVN) :

• DISTRIBUTION ANNOUNCEMENT AND WITHDRAWAL OF FY20 GUIDANCE
• AVN HAS ALSO SUSPENDED DISTRIBUTION REINVESTMENT PLAN UNTIL FURTHER NOTICE
• GROUP WILL ASSESS JUNE 2020 QUARTER DISTRIBUTION AT END OF FINANCIAL YEAR
• OPERATING PERFORMANCE OF PORTFOLIO UP TO ESCALATION OF COVID-19 PANDEMIC HAS BEEN "SOLID"
• BALANCE SHEET REMAINS ROBUST WITH NO DEBT EXPIRING BEFORE MAY 2022 AND OVER $100 MILLION OF CASH AND UNDRAWN FACILITIES AVAILABLE
• ADOPTED A CONSERVATIVE APPROACH FOR MARCH 2020 QUARTER DISTRIBUTION
• FOR MARCH 2020 QUARTER, DECLARING A DISTRIBUTION EQUIVALENT TO 25% OF DISTRIBUTIONS PAID LAST QUARTER