That was be buying this morning up to $0.055/share.I notice that...

That was be buying this morning up to $0.055/share.

I notice that Investa Diversified Office Fund has re-instated dividends at $0.015/share per quarter, on our 27m shares ($21m). It will deliver roughly $400k in dividends per quarter. Also the unit price has risen a bit since the last BAO update.

We still have three significant investments that seem to still have dividends frozen, but that also seem to be coming closer to paying dividends. They are Multiplex New Zealand Property Fund ($32m), Brookfield Prime Property Fund ($17m) and Multiplex Development and Opportunity Fund ($8m).

This improved cash flow is enough reason for me to buy at these exceptionally low levels!

Soon enough the PDF shortfall will be repaid. It might be down to $2,000,000 now with IDOF paying an additional $400,000 this month which will bring it down to $1,600,000. I guess it will take 6-8 months to bring the shortfall down to nill, allowing us to receive distributions again.

As for our projected distribution yield, I haven't thought about it...but once people see the increased income and profit and nill shortfall, we should move closer to NTA, and soon NTA will be increasing.

30 June 2010 showed $6.5m distribution income and $7m finance costs. IDOF alone increases distribution income by $1.6m pa, a significant increase. Hopefully our finance costs will be lower too after the capital raising, but I can't be sure with increasing interest rates.