Goodman PLUS offer unfranked, quarterly, floating rate, non-cumulative and discretionary Distribution Amounts.
Distribution Amounts are scheduled to be paid on 31 March, 30 June, 30 September and 31 December each year (or if it is not a business day, the next business day).
Distributions will be calculated using the following formula:
Distribution Rate x $100 x number of days in the relevant Distribution Period
For each subsequent Distribution Period, until the First Remarketing Date, the Distribution Rate will be the sum of the Market Rate (determined on the first Business Day of each Distribution Period) and a Margin of 3.90%.
An Initial Step-Up Margin of 0.25% per annum will apply if the PLUS II are not Repurchased, Exchanged or Successfully Remarketed on or before 30 September 2022; and − a Final Step-Up Margin of 0.75% per annum will apply if the PLUS II are not Repurchased or Exchanged on or before 31 December 2038.