MacCookPSF – SGX

Extracts,

Distributions for 2008/2009

The anticipated distribution for next financial year is 1.75 Australian cents per unit paid quarterly.

The proposed reduction in distribution for next financial year is a result of –

• distributions being suspended or reduced on a number of the Fund’s investments;
• increased borrowing costs on the Fund’s new debt facility;
• the lack of placement fees received in the period; and
• the requirement to reduce the Fund’s debt facility from $63m to $50m over the period to March 2009.

Based on market prices as at 19 June 2008 the forecast distribution represents a yield of 13.46% p.a over the financial year.

Source : SGX