Distribution For The Half Year Ended 30 June 2013 And Update On The Core Plus Industrial Fund Equity Raising
Charter Hall Funds Management Limited, as responsible entity for Charter Hall Property Trust and Charter Hall Limited (ASX: CHC) is pleased to announce a distribution of 10.4 cents per security (cps) for the half year ending 30 June 2013.
This represents a 14.3% increase on the distribution for the previous corresponding half year ending 30 June 2012. The total distribution per security for the year ending 30 June 2013 will be 20.2 cps, which is an 11.0% increase on the 18.2 cps for the corresponding year ending June 2012.
CHC advises that the Distribution Reinvestment Plan will remain in place until further notice. Proposed payment details are:
|Distribution||10.4 cents per security|
|Record date||28 June 2013|
|Securities trade ex-distribution||19 June 2013|
|Payment date||28 August 2013|
Charter Hall also confirms it has secured $126 million of the $150 million equity target for its Core Plus Industrial Fund (‘CPIF') 2013 equity raising. The balance is expected to be committed in the first quarter of the financial year ending June 2014. The proceeds have initially been used to reduce drawn debt in CPIF, which will be re-drawn to fund acquisitions and pre-leased projects on existing land banks. There is negligible earnings impact until further acquisitions and pre-leased projects are completed.
For further information, please contact:
Joint Managing Director
T: +61 8908 4033
Joint Managing Director
T: +61 8908 4025
Head of Listed Investor Relations
T: +61 2 8295 1016
Head of Marketing and Communications
T: +61 2 8908 4093
About the Charter Hall Group:
Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups, with over 20 years' experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has circa $10 billion of funds under management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Group's success is underpinned by a highly skilled and motivated team with diverse experti se across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.