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AUST GROUP MIRVAC TO CUT FULL YEAR DISTRIBUTION PAYOUT.

Publication: AsiaPulse News
Publication Date: 20-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SYDNEY, March 20 Asia Pulse - Australian real estate company Mirvac Group Ltd (ASX:MGR) will cut its distribution payout to security holders by nearly half to conserve cash in the current difficult market environment.

The company said on Friday it will reduce its distributionto between eight and nine cents...

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