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25-05-2015, 01:01 AM
(25-05-2015, 12:54 AM)Curiousparty Wrote:Nick Wrote:Personally, this deal is a win-win outcome for both Cityspring and KIT investors. The former now owns a trust with much lower leverage and greater distribution stream from local assets. The latter now has access to assets with longer lifespan (Citygas and Basslink) that mitigates the expiry of Senoko contract in 2025. Are they planning to maintain a 100% cash payout ratio or are there plans to replenish their asset base by retaining some capital ? (Not Vested)
Each of the asset has its own trustee manager and there is an overall trustee manager for the combined trusts . Can the overall trustee manager override the control of the sub-trust manager ? How does it work in reality ?
Many tks .
Whoever said anything about a sub-trust manager ???
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