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MIG Confirms FY2006 Distribution Guidance of 21 cents and Provides Distribution Guidance of 23 cents for FY2007 |
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21 November 2005 Macquarie Infrastructure Group (MIG) at its annual general meeting today will confirm its distribution guidance for the financial year to 30 June 2006 of 21 cents per stapled security and announce preliminary distribution guidance of 23 cents per stapled security for the 2007 financial year. Mr Stephen Allen, Chief Executive Officer of MIG said, “The solid performance of our toll road assets enables MIG to confirm its distribution guidance for 2006 of 21 cents and to provide preliminary distribution guidance of 23 cents for 2007, based on assumptions of continued growth across the operating businesses and profitability at the EBITDA1 line. ”Growth in the EBITDA line will allow us to continue to receive distributions from our investments and to optimise the financial structures of those investments. “MIG’s Directors anticipate potential for further growth in distributions in future years, barring unforeseen circumstances,” Mr Allen said. The FY2006 21 cent distribution is proposed to be paid in two parts: 10 cents per MIG stapled security payable for the six months to 31 December 2005 and 11 cents per stapled security for the six months to 30 June 2006. The FY2007 23 cent distribution is proposed to be paid in two parts: 11 cents per MIG stapled security payable for the six months to 31 December 2006 and 12 cents per stapled security for the six months to 30 June 2007. A letter to be sent to investors early next week notifying the changes is attached.
1 Earning before interest, tax, depreciation and amortisation For further information contact:
Bianca Francis
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