Business Services Industry
REITs refuse to pay in June.
Australasian Business Intelligence, June, 2009
Byline: Shannon Nicholls
Jun 21, 2009 (The Australian Financial Review - ABIX via COMTEX) -- It emerged on 19 June 2009 that distributions will not be paid by Multiplex Prime Property Fund, Thakral Holdings, Macquarie DDR Trust, Valad Property Group, ING Industrial Fund and ING Real Estate Entertainment Fund at the end of 2008-09. The embattled property investment trusts sector is trying to preserve rental streams while divesting assets, refinancing debt and recapitalising balance sheets.
Publication Date: 20 June 2009
MULTIPLEX PRIME PROPERTY FUND - ASX MAF
THAKRAL HOLDINGS GROUP - ASX THG
MACQUARIE DDR TRUST - ASX MDT
DEVELOPERS DIVERSIFIED REALTY INCORPORATED
MACQUARIE BANK LIMITED - ASX MBL
VALAD PROPERTY GROUP - ASX VPG
ING...
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