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RURAL FUNDS GROUP — Capital/Financing Update 2014
Mar 24, 2014
65689_rns_2014-03-24_e6913934-29be-4ab1-be88-be092e585249.pdf
Capital/Financing Update
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Rural Funds Group (RFF)
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ASX Release
25 March 2014
Subject: StockBank investment update
Rural Funds Group (RFF) has a $5.014 million investment in RFM StockBank, a fund that undertakes livestock leasing activities. This investment is forecast to provide an income distribution of 7.35% (9.8% inclusive of franking credits) in FY14.
Rural Funds Management (RFM) as responsible entity of RFF confirms that there are currently no plans to increase the investment in RFM StockBank in the foreseeable future.
The objectives of RFF remain to generate a stable, predictable income stream to its unit holders derived from leasing its portfolio of agricultural assets to strong counterparties.
About Rural Funds Group (RFF) ARSN 112 951 578
RFF owns a diversified portfolio of high quality Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.
| For further information: | For media enquiries: | For investor relations enquiries : |
|---|---|---|
| David Bryant | Stuart Waight | James Powell |
| Managing Director | Chief Operating Officer | Investor Relations & Distribution Manager |
| Rural Funds Management | Rural Funds Management | Rural Funds Management |
| T 02 6203 9704 | T 0419 126 689 | T 0420 279 374 |
| E [email protected] | E [email protected] | E [email protected] |