Q: Further to the recent question. NHF currently pays $1.26 pa. does the new structure reduce the yield and if so, by how much? Thanks
5i Research Answer:
Units will be consolidated on a 4 for 7 basis or 1.75. With the new distribution rate of $1.09375, yield becomes 7.3% approx. vs 14.1% indicated yield now. There may be some minor variance as the company has not indicated if there is a payment for any fractional shares arising from the consolidation.