Aspen Parks increases distribution payout on strong FY2010 earnings
• Aspen Parks Property Fund has increased its distribution to
10.40 cents per security (annualised).
• This distribution represents an attractive annualised income yield of 8.8% (based on 1 July 2010 security price of $1.18).
• FY2010 to produce strong earnings surplus with continuing positive outlook for FY2011.
• Independent research firm Lonsec recently confirmed rating of “Recommended (Upper End)”.

Aspen Parks Property Fund (“Aspen Parks”) has increased its distribution payment rate to 10.40 cents per security on an annualised basis. This represents an attractive income yield of 8.8% per annum based on the security price as at 1 July 2010 of $1.18. The new distribution rate will commence on 1 July 2010.

The increased distribution rate reflects the strong underlying business of Aspen Parks. The 2010 financial year results will see a healthy earnings surplus with the outlook for the 2011 financial year very positive.

Aspen Parks, a unique property-based unlisted investment fund managed by Aspen Group, acquires and manages properties in the tourism and accommodation park sector. The Fund began in 2004 and continues to be one of the few successful unlisted property funds, with an exemplary track record since inception of paying high rates of income with the potential of continuing capital growth. Assets include the iconic Monkey Mia and Ningaloo Reef resorts, together with 23 other parks assets across Australia.

Mr Lino Brolese, CEO of Aspen Parks said the increase in distribution payment was in line with the Fund’s internal distribution policy.

“We aim to distribute around 80%-90% of the Fund’s surplus income to securityholders with the balance retained and reinvested into capital improvements across the portfolio to generate further income.”

Aspen Parks remains open to new investors. Visit www.aspengroup.com.au or call 1800 005 639