Hotel Property Investments Ltd (ASX:HPI) has announced that it shall pay a distribution of 9.7 cents per stapled security for the half year ending 30 June 2020. Distribution’s tax element shall be confirmed before making the distribution on or around 4 September 2020.
Distribution Reinvestment Plan (DRP) of HPI shall function in connection with the distribution. Securityholders taking part in DRP shall be issued new securities at 1% discount to volume weighted average trading price for first 20 days that HPI’s securities trade on ex-entitlement basis.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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