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DISTRIBUTION REINVESTMENT PLAN PRICE FOR THE SEPTEMBER 2016 QUARTER
Folkestone Investment Management Limited as the responsible entity of the Folkestone Education Trust (FET) advises that the September 2016 quarter’s Distribution Reinvestment Plan (DRP) issue price is $2.62 per unit.
The issue price has been calculated by reference to the average of the daily volume weighted average market price of all sales of FET units recorded on the ASX from 4 October 2016 to 17 October 2016. A discount of 1.5% has been applied to determine the issue price.
Holders with 44.7 million units or 18% of the units on issue as at the Record Date have elected to participate in the DRP. The DRP units will be issued on Thursday 20 October 2016 and rank equally with existing units.
The September 2016 quarter distribution statements will be sent to all Unitholders and will also be available on Boardroom’s website at: http://www.boardroomlimited.com.au/ - InvestorServe.
APPOINTMENT OF JOINT COMPANY SECRETARY
Travis Butcher, FET’s Chief Financial Officer has been appointed as Joint Company Secretary of Folkestone Education Trust. Scott Martin will also remain as a Joint Company Secretary.
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