Distribution

Distribution

Have their been any changes to the Distribution Reinvestment Plan (DRP)?
 

An ASX announcement was released on the 17th December 2009 regarding the amendments to the Distribution Reinvestment Plan.

Please click on the link below to view the announcement.
DRP ASX Announcement

What was the Stapling distribution?
 

The Stapling distribution was a non-cash distribution paid by Westfield Holdings, Westfield Trust and Westfield America Trust in July 2004 to facilitate the Westfield
Group Merger.

What is the forecast distribution for the Westfield Group?
 

Distribution per security for 2011 is expected to be 48.4 cents per security.

When is the next distribution to be paid?
 

Distributions are paid twice yearly at the end of February and August.

Is there a Distribution Reinvestment Plan (DRP)?
 

The DRP was introduced in January 2005.  

Amendments to the DRP Rules were announced to the ASX on 17th December 2009.

Please click on the link below to view the ASX announcement.
DRP ASX Announcement

Information about the DRP can be viewed at Distributions.

Where can I find information regarding past distributions
or dividends?

 

Refer to your past distribution or dividend statements. A detailed distribution history is also available on this website at Distributions.

Can I have my distribution credited to a bank account?
 


Your distribution payment can be automatically credited to your financial institution account (Australian bank account, building society, credit union or cash management account). Direct Credit Instruction forms are available on this website at Securityholder Forms.

What was the last Westfield Group distribution amount per Stapled Security?
 

The Westfield Group distribution with a payment date 28 February 2011 was 31.56 cents per Stapled Security.

What was the last DRP price and how was this calculated?
 

The DRP price was $12.04 and the DRP participation rate for the distribution payment made on 31 August 2009 was 35.27%. The DRP price is calculated using the arithmetic average of the daily volume weighted average sale price of Stapled Securities traded on ASX during a period of ten consecutive Trading Days as determined by the Administrators in respect of a Distribution and notified to Securityholders.

There was no DRP for the February 2011 distribution.

The DRP rules have been amended as follows:

  • The Group is changing the pricing methodology to calculate the distribution reinvestment price under the Group's distribution reinvestment plan (DRP). The VWAP calculation will now be the volume weighted average of the sale price of the Group's securities over the entire pricing period (being 10 ASX trading days) rather than an arithmetic average of the daily average of the sale price of Group securities over the pricing period.