Westfield Corporation Distribution Policy
Investors in the Westfield Corporation will receive distributions from each component of the Stapled Security comprising dividends from Westfield Corporation Limited as well as distributions from WFD Trust and Westfield America Trust. These combined distributions will be paid to investors half-yearly no later than two months after the end of each half-year.
The Westfield Corporation Board will set Westfield Corporation’s distribution target at the start of each year having regard to the prior year’s distribution, forecast changes in FFO, capital expenditure plans as well as other general business and financial considerations.
The aim of this distribution policy is to provide greater overall returns to the investors of Westfield Corporation through appropriate capital management. The flexibility to vary the distribution provides financial capacity to continue to invest in opportunities with strong returns. Forecast distributions for the 2017 year are 25.5 cents per security.
Payment Of Distribution
Your distribution can be received in two ways.