Village take two: the directors cut, page-12

Actually after looking at the annual report again I'm not sure if what I said above is true - it says if the dividends are more than 6 months in arrears then pref shares can vote - does this mean that if they declare a div and then don't pay it or does it also apply if the don't declare one and then don't pay one?

Also the vrl preference shares only convert to normal shares in the event of a takeover offer or some other similarly unlikely events.

The VRLPAs go ex div on the 30th Oct so get in Quick if you want 10% fully franked in one div!!

Ed