Distribution Period Quarter ended 31 March, 2001.
Australian Pipeline Limited as the responsible entity of Australian Pipeline Trust provides the following information:
Distribution in respect of the quarter ended 31 March 2001 of 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 | 2.5 cents
2.5 cents
5.0 cents |
The income distribution will be franked to the extent of 1.5cents per unit, (60% of 2.5 cents). In franking the distribution at this level, the Directors have substantially distributed all available franking credits to unitholder’s at the higher tax rate of 34%. 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. The Directors are confident that the results will exceed the prospectus forecast for the year ended 30 June 2001.
The record date for determining unitholder’s entitlement to the distribution will be the close of business on 8 June, 2001.
The date for payment of the distributions is 27 June, 2001.