Perpetual Asia has no obligation to pay the Dec 2024 distribution. The unpaid distribution is non-cumulative and does not accrue distribution.
Lippo Malls Indonesia Retail Trust’s (LMIRT) manager says that it has informed holders of its $120 million perpetual securities tranche that it will not be paying distributions scheduled for Dec 19.
The perpetual securities were issued in June 2017 by LMIRT’s trustee, Perpetual (Asia) Limited.
