PWG primewest
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News: PWG Primewest Group Withdraws FY20 Operating Earnings & Distribution Guidance

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    31/03/20
    19:10
    Post #: 43804525

    March 31 (Reuters) - Primewest Group Ltd (PWG) :

    • FY20 FORECAST OPERATING EARNINGS AND DISTRIBUTION GUIDANCE WITHDRAWN
    • INTENDS TO PAY FY20 DISTRIBUTION PER SECURITY BASED ON PAYOUT RATIO OF BETWEEN 90-95% OF OPERATING EARNINGS PER SECURITY
    • GUIDANCE WITHDRAWN DUE TO UNCERTAINTIES SURROUNDING SOCIAL AND ECONOMIC IMPACT CAUSED BY COVID-19 PANDEMIC
    • CURRENTLY EXPECTS THAT IT WILL DEFER LAUNCH OF NEW FUNDS IN INTERIM
    • TARGETING ACQUISITIONS BY FUNDS IT MANAGES TO BE ABOUT $300 MILLION IN FY20
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