Key Points
- DPU of 2.29 cents for the reporting quarter.
- This translates to an annualised distribution yield of 4.99% based on CMT’s closing price of S$1.86 per unit on 20 April 2011.
- Unitholders can expect to receive their 1Q 2011 DPU on 30 May 2011. The Books Closure Date is on 3 May 2011.
- CMT raised S$300.0 million by issuing two-year retail bonds in February 2011. With this issuance, CMT’s average cost of debt and gearing ratio were 3.7% and 38.2% respectively as at 31 March 2011.
- NAV per unit of S$1.55 as at 31 March 2011.
The quarterly DPU of 1.55 cents will be paid on 30 May 2011. Book closure is on 3 May 2011.
Note that the above estimated Distribution is computed on the basis that none of the Convertible Bonds are converted into Units before the Books Closure Date. Accordingly, the actual quantum of the Distribution may differ from the above estimated Distribution if any of the Convertible Bonds are converted into Units before the Books Closure Date. The actual quantum of the Distribution will be announced by 12 May 2011, after the closure of the Transfer Books and Register of Unitholders.
The DPU was 2.361 cents in the previous quarter.
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