tpapa

- payments of around $5.25 per annum fully franked
- based on a price of 44, this is 12% yield fully franked
- this rate "steps up" in Oct 2011 by 2.5% to 6% over bank bills (at 4%, this is 7% fully franked or a yield of 16% ff based on pice of 44.)

In addition to the above high yields, the TPAPA convert to TPI with timing of this at discretion of TPI. Conversion is at $102.56 so capital gain is around 233%.

TPAPA rank ahead of TPI.