Fortress expects combined FY dividend between 19% and 21% higher

Fortress Income Fund (FFA‚ FFB) on Wednesday said it expected its combined dividend for the full year (FY) ended June 30 2015 to rise by between 19% and 21%.

“The dividend per Fortress B ordinary share for the six months ended June 30 2015 will be between 37.13c and 40.35c‚ being between 52.2% and 65.4% higher than the 24.39c distribution per B linked unit for the previous

comparable six month period.‚” the company said.

The A linked units for the six months ended June 30 “will escalate by the lower of 5% and the most recently available Consumer Price Index (CPI) figure. Accordingly‚ the CPI figure is 4.37% and the Fortress A dividend growth will therefore be limited to the lower CPI percentage”.

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