Fortress Income Fund expects combined FY dividend between 19% and 21% higher

Posted On Thursday, 23 July 2015 19:28 Published by
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Fortress Income Fund expects its combined dividend for the full year ended June 30 2015 to rise by between 19% and 21%.

Mark Stevens Fortress Income Fund

Fortress Income Fund (FFA‚ FFB) on Wednesday said it expected its combined dividend for the full year (FY) ended June 30 2015 to rise by between 19% and 21%. 

“The dividend per Fortress B ordinary share for the six months ended June 30 2015 will be between 37.13c and 40.35c‚ being between 52.2% and 65.4% higher than the 24.39c distribution per B linked unit for the previous comparable six month period‚” the company said.

The A linked units for the six months ended June 30 “will escalate by the lower of 5% and the most recently available Consumer Price Index (CPI) figure.

Accordingly‚ the CPI figure is 4.37% and the Fortress A dividend growth will therefore be limited to the lower CPI percentage”.

 

Last modified on Friday, 24 July 2015 08:39

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