20 June 2007
ESTIMATED DISTRIBUTION FOR THE HALF YEAR ENDING 30 JUNE 2007
Babcock & Brown Wind Partners (ASX: BBW) announces an estimated distribution for the half year ending 30 June 2007 of 6.25 cents per stapled security.
This distribution will be the final distribution for the year ending 30 June 2007. This means that the total distributions for the year ending 30 June 2007 are expected to be 12.5 cents per stapled security, in line with previous distribution guidance.
The final distribution is expected to be fully tax deferred. The tax components of the interim and final distributions for the year ending 30 June 2007 will be provided to security holders in the annual Taxation Statement Guide to be provided to security holders together with payment of the final distribution in September 2007.
Key dates relating to the final distribution are as follows:
BBW will trade cum-distribution until close of business on Friday, 22 June 2007, and will be quoted ex-distribution from Monday, 25 June 2007.
The Record Date for entitlement to the final distribution will be Friday, 29 June 2007.
The actual final distribution will be confirmed following the announcement of BBW’s full year financial results on or about 27 August 2007.
The payment of the final distribution is expected to occur on or about 14 September 2007.
Distribution Reinvestment Plan
BBW’s Distribution Reinvestment Plan (“DRP”) will be in operation for the 30 June 2007 final distribution.
Stapled securities issued under the DRP will be issued at a discount of 2.5% to the weighted average price for BBW stapled securities sold on the ASX over the 10 trading days ending on the trading day which is 3 trading days before the date that the securities are to be allotted under the DRP.
The stapled securities issued under the DRP are expected to be issued on or about 14 September 2007. Copies of the terms and conditions of the DRP can be obtained from BBW’s website at www.bbwindpartners.com
Notices in relation to participation in the DRP must be lodged with BBW’s security registry, Link Market Services, by 5pm (Sydney time) on the Record Date of 29 June 2007. If security holders have previously notified the registry regarding their election to participate in the DRP and do not wish to change their instructions previously specified, no further notice to the registry is required.