Invista property Sicaf suspends dividend

Higher financing costs and weakening property valuations have prompted the board to conserve cash as far as possible so the company can reduce debt through proceeds from sales. Second interim dividend payments will therefore be suspended for the financial year ended 30 September 2008 and for the entire financial year ending 30 September 2009. The policy will be regularly reviewed. Tom Chandos, chairman of the Invista European Real Estate Trust, said capital market disruption over the past year has impacted on global real estate markets. "Against this background we are pleased to have ...