Australian Pipeline Limited as the responsible entity of Australian Pipeline Trust provides the following information:
| Distribution in respect of the quarter ended 30 September, 2001. | 5.0 cents per unit |
The distribution will be made up as follows:-
Income distribution per unit
Capital distribution per unit
Total distribution per unit | 3.0 cents
2.0 cents
5.0 cents |
The income distribution will be unfranked. It is not expected that there will be further significant franking credits available for distribution until the FY 2004.
The capital distribution component will reduce the cost base (or indexed base) in the case of units liable to capital gains tax on disposal.
The distribution is consistent with the forecasts included in the Offer Document dated 5 May 2000. APA is tracking budget year to date and the Directors are confident that at a minimum, APA will meet the Offer Document Forecast for the year ended 30 June, 2002.
The record date for determining Unitholder’s entitlement to the distribution will be the close of business on 7 December, 2001.
The date for payment of the distributions is 21 December, 2001