Trading Halt till Friday AM Very wordy release today ... they are talking DIVIDEND at last ... Pro Forma FY12 distribution per CER Security of approximately 2.1 cents. Given the expected timing of Aggregation, the forecast FY12 distribution is equivalent to approximately 1.1 cents per CER Security
But what does the rest mean ???
Centro Retail Australia is forecast to deliver: o Pro Forma FY12 Underlying Earnings Yield on NAV of approximately 6.1% o Pro Forma FY12 Distribution Yield on NAV of approximately 5.0% CER Securityholders to receive 1 Centro Retail Australia Security for every 5.80 CER Securities held, equivalent to a 29.4% interest in the issued capital of Centro Retail Australia CER Securityholders to receive NAV equivalent to approximately 43¢ per CER Security and NTA equivalent to approximately 40.5¢ per CER Security
CER Price at posting:
26.0¢ Sentiment: None Disclosure: Held