Distributions
Distribution for six months ended 30 June 2008
| Total Distribution |
$7,218,750
|
| DRP Participation Price |
$0.26
|
| Distribution to be paid in cash |
$6,927,859
|
| Stapled securities to be issued under DRP |
1,107,825
|
Details of the tax components of the distribution are set out below and will be provided in the Annual Tax Statement to be mailed to Securityholders in August 2008.
Distribution PolicyDistributions will be determined by the Directors and will be based on the operating performance of the Portfolio.
Distribution Reinvestment Plan
On 19 June 2008, RCL announced the implementation of a Distribution Reinvestment Plan ("DRP") for RCL Securityholders. The DRP will commence in time for RCL's distribution for the six months ended 30 June 2008. No discount will be applied to securities issued under the DRP for the 30 June 2008 distribution.
The RCL Group Board have suspended distributions and the Distribution Reinvestment Plan until further notice.
Participation in the DRP is voluntary, and may be in respect of either some or all of a holder's RCL Securities.
In respect of the distribution for the six months ended 30 June 2008, the record date for participation in the DRP is 31 July 2008.
To participate in the DRP, please read the Distribution Reinvestment Plan Rules, and complete the Application Form.
Distribution HistoryAmount
|
Amount
|
Period
|
Payment Date
|
Taxable Components
|
|
3.75c
|
Period to
31 December 2006
|
23 February 2007
|
45% tax deferred
|
|
3.75c
|
Six months ended
30 June 2007
|
31 August 2007
|
45% tax deferred
|
|
4.125c
|
Six months ended
31 December 2007
|
29 February 2008
|
47.3% tax deferred
52.7% Australian Interest
|
|
4.125c
|
Six months ended
30 June 2008
|
29 August 2008
|
47.3% tax deferred
52.7% Australian Interest
|
Babcock & Brown Residential Land Partners Services Limited, the Responsible Entity of RCL GroupTrust, considers that RCL Group Trust is a managed investment trust for the purposes of section 12-395 of Schedule 1 to the Taxation Administration Act 1953, in relation to its income year ending 30 June 2008, and gives the following notice to you as recipient of the payment outlined above.