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BRIEF-Fortress REIT Announces ‍Restructure Of Siyakha Education Trusts

Wed 7th March, 2018 2:27pm
March 7 (Reuters) - Fortress Reit Ltd  FFBJ.J :
    * FORTRESS REIT - ‍RESTRUCTURE OF SIYAKHA EDUCATION TRUSTS,
INTENTION TO UNWIND CROSS-SHAREHOLDING, FURTHER CAUTIONARY
ANNOUNCEMENT
    * ‍HAS RE-EVALUATED DISTRIBUTION GUIDANCE PROVIDED IN
COMMENTARY
TO ITS INTERIM RESULTS FOR SIX MONTHS ENDED 31 DECEMBER 2017.​
    * ‍RESILIENT AND CO CONTINUE TO EXPLORE ALTERNATIVES TO
ELIMINATE
CROSS-SHAREHOLDING BETWEEN THEM; WILL IN DUE COURSE PUT
PROPOSALS ​
    * RESILIENT ‍EXPECTS ITS DISTRIBUTION PER SHARE TO BE
APPROXIMATELY 601 CENTS PER SHARE FOR FY 2018 INCREASING BY ABOU
8% FOR FY 2019 ​
    * ‍FORTRESS EXPECTS DISTRIBUTION PER FORTRESS B SHARE WILL
BE
ABOUT 179 CENTS PER SHARE FOR FY 2018 GROWING BY ABOUT 5% FOR FY
2019 ​

Source text for Eikon:  ID:nJseG0044a 
Further company coverage:  FFBJ.J 

 ((Reuters.Briefs@thomsonreuters.com;))
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