TRAFALGAR Corporate Group has announced a 13 cents per security distribution for the second half year to June 2012.
Trafalgar’s CEO Braith Williams said the group is in a position to make a further distribution to security holders, following the completion of the sale of the last two Rhodes development sites, stage 7 and stage 8 which delivered $15 million return of capital.
At the same time, the group has agreed terms with Westpac to extend the existing debt facility amounting to $33.3 million from March 2013 to March 2014, subject to repayments of $750,000 per calendar quarter.
Property Review
