2009 Anticipated Dividend

RNS Number : 4285J
Babcock&Brown Public Ptnrships Ltd
03 December 2008
 

BBPP 2009 ANTICIPATED DISTRIBUTION

The Board of Babcock & Brown Public Partnerships (LSE: BBPP) today announced details of the anticipated distribution for the period 1 January 2009 - 31 December 2009. Details are as follows:


Distribution period:

1 January 2009 - 31 December 2009

Distribution amount:

5.55 pence per share

Payment:

Two equal payments of 2.775 pence each

Anticipated ex-dividend and record dates:

March 2009 and September 2009

Anticipated payment dates:

April 2009 and October 2009


The anticipated 2009 distribution of 5.55 pence per share would represent a 2.8% increase on the 2008 distribution and, as per previous periods, is expected to be entirely funded through operating cash flow. 

Based on the closing share price as at 2 December 2008, the 2009 distribution represents a 6.9% yield to investors.

 

For further information, please contact:

Babcock & Brown Public Partnerships            +44 (0)20 7203 7300

Investors     Bianca Francis

Media        Anthony Kennaway         



About Babcock & Brown Public Partnerships:

Babcock & Brown Public Partnerships Limited is a Guernsey incorporated company. The Company offers shareholders an exposure to investment in infrastructure assets, particularly those with a public or social character such as those developed under private finance initiative (PFI) or public private partnership (PPP) procurement.


The Company floated on the main market of the London Stock Exchange on 9 November 2006 and at 30 June 2008 had a net asset backing per share of 109.5p. The Company was admitted to the FTSE AllShare and the FTSE 250 in 2008. The Company's assets are diversified geographically as well as across several PFI/PPP sectors, including roads and tunnels, rail, schools, courthouses, police and custodial facilities, government offices and health facilities. Babcock & Brown has been responsible for the development and management of the majority of these assets and through Babcock & Brown Investment Management Limited (BBIML) will continue to manage them for the benefit of BBPP.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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