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 2007 TAPS holders were entitled to four 100 percent tax deferred distributions. | |
| March distribution | $2.0745/security |
| June distribution | $2.1200/security |
| September distribution | $2.1231/security |
| December distribution | $2.2332/security |
| Total | $8.5508/security |
