In their letter to securityholders on 30 October about the rights issue, Goodman claimed that they expected distributable income for the 2009 FY to be 19.3c They specifically didnt say WHEN they intended to pay any of it.
"Goodman’s Board and management have undertaken a detailed review of Goodman’s earnings in light of
the guidance provided on 22 August 2008 and the subsequent material deterioration of the global financial
markets since that time. Whilst it is difficult to provide earnings guidance in the current environment, the
Board and management believe that a cautious approach is required. As such, assuming only known
transactions, rental income and base management fees are received for the balance of the financial year,
earnings per security would be 19.3 cents taking into account the equity raising and capital management
initiatives. Given our cautious approach to earnings, Goodman intends to distribute 19.3 cents per security
for the year ending 30 June 2009.
You will find enclosed with this letter a number of important documents, including:
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Price($) | Vol. | No. |
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