EC36305
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Internet www.macquarie.com/miif
These materials do not constitute or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. These materials are not for distribution, directly or indirectly, in or into the United States, Canada or Japan. These materials are not an offer of securities for sale into the United States, Canada or Japan. The securities may not be offered or sold in the United States unless they are registered or exempt from registration. Macquarie APTT Management Pte. Limited as the trustee-manager of Asian Pay Television Trust does not intend to register any portion of the offering of units in Asian Pay Television Trust ("Units") in the United States, or to conduct a public offering in the United States. Accordingly, the Units are only being offered and sold to non-U.S. persons outside the United States (including to institutional and other investors in Singapore) in reliance on Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act") and within the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act. No indication of interest, money or other consideration is being solicited by the distribution of these materials. Copies of these materials are not being, and should not be, distributed in or sent into the United States. SGX-ST ReleaseMacquarie International Infrastructure Fund Limited (MIIF)
DIVIDEND GUIDANCEUnless otherwise defined, capitalised terms used herein shall bear the same meaning ascribed to them as in the announcements dated 4 April 2013 and 30 April 2013, the circular (the "Circular") dated 5 April 2013 issued by Macquarie International Infrastructure Fund Limited and the prospectus (the "APTT Prospectus") of Asian Pay Television Trust ("APTT") registered by the Monetary Authority of Singapore on 16 May 2013.
Singapore, 16 May 2013 - Reference is made to:
a) the Proposed Divestment, as set out in the Circular to shareholders of MIIF ("Shareholders"), for which MIIF received Shareholder approval at the Special General Meeting on 30 April 2013; and
b) the initial public offering and listing on the Main Board of the Singapore Exchange Securities Trading Limited of units in APTT (the "Offering") and the APTT Prospectus.
Macquarie International Infrastructure Fund Limited ("MIIF" or the "Company") is issuing a dividend guidance of 1.9 Singapore cents per ordinary share ("cps") for the twelve months ending 31 December 2013, subject to any material changes in forecast assumptions. The dividend guidance, which is based upon the completion of the Proposed Divestment and
other factors including those outlined below, comprises of the following:
Interim Dividend for the six months ending 30 June 2013 ("Interim Dividend") | 0.7 cps to be paid in or around August 2013 |
Final Dividend for the six months ending 31 December 2013 ("Final Dividend") | 1.2 cps to be paid in or around March 2014 |
MIIF notes that:
• Its ordinary dividend is based on the income that MIIF receives from its businesses which is generated from the normal operations of these businesses
• MIIF typically receives income from: (i) Taiwan Broadband Communications ("TBC") in March and September, (ii) Hua Nan Expressway ("HNE") in September and (iii) Changshu Xinghua Port ("CXP") in September
• This dividend guidance assumes that the Proposed Divestment completes and that
MIIF's remaining businesses remain unchanged
• The Interim Dividend guidance of 0.7 cps is based on the income received from TBC in the quarter ended 31 March 2013. If the Proposed Divestment completes as expected on 29 May 2013, MIIF will not receive further income from TBC
• The Final Dividend guidance of 1.2 cps is based on the income that MIIF anticipates receiving from HNE and CXP in September 2013
• The income which MIIF anticipates from HNE in 2013 relates to HNE's financial performance in 2012. As a result, the adverse impact of the tolling revisions enforced on HNE in June 2012 will only be partially reflected in the income that MIIF will receive from HNE in 2013. The full year impact of the tolling revisions on MIIF's income from HNE will only be reflected from 2014 onwards
• This dividend guidance is subject to any material changes in forecast assumptions and may be revised.
For further information, please contact:
Wei Cheong | Fiona McDonald | ||
Investor Relations, Singapore | Corporate Communications, Hong Kong | ||
Tel: | (65) 6601 0766 | Tel: | (852) 3922 3591 |
Email: | wei.cheong@macquarie.com | Email: | fiona.mcdonald@macquarie.com |
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