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
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