Accordia Golf Trust declares second distribution of 4.31 cents for FY15/16

SINGAPORE (May 26): Accordia Golf Trust, the business trust comprising Japanese golf courses as assets, has declared a second distribution for FY15/16 of 4.31 cents.

This consists of a distribution of 4.05 cents for the period from Oct 1 2015 to March 1 2016 and a distribution of 0.26 cents, 10% of the retained distributable income for the period from April 1 to Sept 30.

ACT’s trust manager says even though it made a smaller attributable operating loss to unitholders of JPY 777 million ($9.7 million) for the 4Q period from Jan to March, total distributable income available during the period was still positive at JPY 1,550 million.

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