MIRVAC Group will be changing its distribution payment to from quarterly to six monthly from 1 July 2012, in line with its AREITs peers.
Mirvac said in a statement that the change in policy will reduce costs.
Securityholders will receive the June 2012 quarterly distribution which is due to be paid on or around 27 July 2012. After the payment of the June 2012 quarterly distribution, the next distribution that Mirvac securityholders will receive will be for the six months ending 31 December 2012 which will be paid in January 2013.
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