Media Releases360 Capital Industrial Fund

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360 Capital Industrial Fund, FY15 Distribution Upgrade, Acquisition of 69 Rivergate Place, Murarrie Qld, Fund Gross Assets in Excess of $500m

Distribution Upgrade
 
360 Capital Investment Management Limited (360 Capital), responsible entity of the 360 Capital Industrial Fund (ASX code:TIX) (Fund), is pleased to announce as a result of continuing strong cashflow and high occupancy, that the Fund’s FY15 distributions are forecast to increase 4.2% to 20.00cpu from previous guidance of 19.20cpu.
 
Having already distributed 4.80cpu for the September 2014 quarter, remaining FY15 quarterly distributions are expected to be 5.06cpu per quarter.
 
The Fund’s expected FY15 earnings are currently ahead of forecast and updated earnings guidance will be provided at the half yearly results announcement in February 2015.
 
 
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