CHALLENGER DIVERSIFIED PROPERTY GROUP MARKET RELEASE
ESTIMATED DISTRIBUTION FOR SIX MONTHS ENDING 30 JUNE 2014 DEPARTURE OF TREVOR HARDIE, CDI FUND MANAGER 18 June 2014, Sydney - Challenger Diversified Property Group (ASX: CDI) today announced thefollowing estimated distribution for the six months ending 30 June 2014.
Security type | ASX code | Estimated distribution for the six months ending 30 June 2014 (cents per unit) |
Ordinary units | CDI | 9.30 |
The relevant dates for this distribution are as follows:
Ex-distribution date | Thursday 26 June 2014 |
Record date | Monday 30 June 2014 |
Payment date | Friday 29 August 2014 |
There is no distribution reinvestment plan in operation for this distribution.
Takeover offer by Challenger Life Nominees Pty Limited as trustee of Challenger Australia Listed Property Holding Trust (Challenger Life Bidder) (Offer) - Compulsory acquisition
On 29 May 2014, the Challenger Life Bidder dispatched compulsory acquisition notices to all CDI
unitholders who did not accept the Offer. As explained in those notices, the cash consideration of
$2.74 per unit payable by the Challenger Life Bidder under the compulsory acquisition process will be the Offer price less the amount of any distribution paid to unitholders.
Challenger Listed Investment Limited (CLIL) as responsible entity for CDI, also announce that Mr
Trevor Hardie, CDI's Fund Manager will leave Challenger in November 2014.
Nicole Webb, Corporate Communications associate +61 2 9994 7806
Trevor Hardie, Fund Manager +61 41 817 6538
Challenger Diversified Property Group
(comprising Challenger Diversified Property Trust 1 ARSN 121 484 606 and Challenger Diversified Property Trust 2 ARSN 121 484 713) Responsible Entity Challenger Listed Investments Limited ABN 94 055 293 644 AFSL 236887
Michael Cole, Chair and Independent Director of CLIL said "Trevor has worked tirelessly, providing strong leadership and driving our strategy to create value for CDI unitholders. The CLIL Board and I would like to thank Trevor for his hard work and commitment to CDI".
Trevor Hardie, CDI Fund Manager said "I would like to take this opportunity to personally thank the
CLIL Directors and the broader CDI team for all their support over the years".
ENDS
Important notice: Any forward looking statements included in this document are by nature subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to, Challenger, so that actual results or events may vary from those forward looking statements, and the assumptions on which they are based. Further enquiry: Jana Flanagan, Investor Relations Analyst +61 2 9994 7815Nicole Webb, Corporate Communications associate +61 2 9994 7806
Trevor Hardie, Fund Manager +61 41 817 6538
Challenger Diversified Property Group
(comprising Challenger Diversified Property Trust 1 ARSN 121 484 606 and Challenger Diversified Property Trust 2 ARSN 121 484 713) Responsible Entity Challenger Listed Investments Limited ABN 94 055 293 644 AFSL 236887
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