TAPS Trust
Distributions
Quarterly distributions to TAPS security holders are underpinned by the stable cash flows generated by Mid Kent Water, a regulated utility in south east England, and benefit from a subordinated guarantee from HDF.
TAPS holders receive a floating rate distribution of 2.00 percent per annum over the 90 day bank bill rate, paid quarterly.
| In 2009 TAPS holders were entitled to four 100 percent tax deferred distributions. | |
| March distribution | $1.4548/security |
| June distribution | $1.2748/security |
| September distribution | $1.3006/security |
| December distribution | $1.3493/security |
| Total | $5.3795/security |
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