this is bs, page-23

Somebody might know the breakdown of cer better than i

Distributions from the CSF portfolio will also be restricted until the current facility balance
is reduced to US$50 million.

and

For the term of the Super facilities, all income distributions from Super are restricted.

i would imagine this would limit distributions until these conditions are met. Income from other sources could be distributed(i presume) but i would hope that debt minimisation accross the board would be a priority.

For the record i do not believe there will be distributions full stop for at least 2yrs and that is being optimistic. Having said that i do view that there could be significant upside if a few sales occur at closish to book value and the ecconomy shows signs of bottoming.

I