Eighth Distribution Payment: February 2011
Eighth Distribution Payment: February 2011
APIR: RFA0028AU, ARSN: 097 575 730
BTIM advises that 1.7511 cents per unit will be paid to investors in the next few days, representing the eighth return of capital. This distribution payment represents 10.7% of the value of the Fund as at 31 January 2011. Following this distribution, a cumulative total of 93.5% of the value of the Fund, as measured by its value as at 30 April 2009 (prior to the commencement of any capital returns) has been paid to investors.
BTIM remains committed to realising the Fund’s assets in an orderly manner and distributing the proceeds to investors in the form of capital returns as quickly as is reasonably possible. The next quarterly distribution is expected to be paid in late May 2011.
The Fund is estimated to distribute a further 4% (as measured by the value of the Fund at 30 April 2009) and 26% (as measured by the value of the Fund following the February 2011 distributions) in calendar year 2011, with the remaining capital thereafter. These estimates are based on current information and market conditions and the actual distribution payments may vary from this significantly with respect to amount and timing.
Unit prices will continue to be calculated once a month as at the last business day of the month. Unit prices will reflect distribution payments and changes in the value of the Fund’s underlying assets, including those due to exchange rate changes. Unit prices will be generally available on or around 11 business days after the end of the month. These are indicative unit prices and you will not be able to transact on these prices.
BTIM will notify investors either quarterly or more frequently if there are any material updates or changes.
