ASX ANNOUNCEMENT | |
Announcement No. 19/19 | 13 December 2019 |
The Manager | |
Australian Securities Exchange | |
Expected Distribution to 31 December 2019
The Board of listed property trust and management company, ALE Property Group (ASX code: LEP) announces an expected distribution of 10.45 cents per stapled security for the six months from 1 July 2019 to 31 December 2019. The distribution comprises:
Trust Distribution | 10.45 | cents per unit |
Company Dividend | 0.00 | cents per share |
Total Stapled Security Distribution | 10.45 cents per security |
The tax components of the distribution will be confirmed before the distribution payment on 5 March 2020.
The key dates for the half year ending 31 December 2019 are:
Ex-Entitlement Date | 30 December 2019 |
Record Date | 31 December 2019 |
Payment Date | 5 March 2020 |
The Distribution Reinvestment Plan will not be in operation for the above distribution.
With the 2018 rent review process still in progress, the Board has made a decision to maintain the distribution at the same amount that was paid for the half year ending 30 June 2019. As previously advised, following the finalisation of the rent review determinations, the Board will review the appropriateness of ALE's distribution and capital management policy. In doing so the Board will take into account the results of the rent review, the implications for our property valuations, the prevailing property and capital market conditions and the expectations of our Securityholders.
- Ends -
Andrew Wilkinson
Managing Director
ALE Property Group
02 8231 8588
Website: www.alegroup.com.au
Australian Leisure and Entertainment Property Management Limited ABN 45 105 275 278
Australian Leisure and Entertainment Property Trust ARSN 106 063 049
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ALE Property Group published this content on 13 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2019 05:20:07 UTC