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
CER Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held