Multiplex SITES

Multiplex SITES;

are Step-up Income-distributing Trust-issued Exchangeable Securities, which are fully paid units issued by Multiplex SITES Trust. 

Brookfield Multiplex Funds Management Limited is the responsible entity of Multiplex SITES Trust. 

SITES are listed on the ASX and trade under the ASX code 'MXUPA'.

The face value is $100 and they are currently trading at $76 dollars. They pay 3.9% over the three month bank bill rate and so the current distribution rate is 8.313%

Currently the three month BBSW is about the same - lets say 4.4% + 3.9% - so if you buy them at $76 instead of $100 the yield is just under 11%.

Additionally, they are buying them back themselves;

Brookfield Asset Management Inc bought 361,664 Multiplex Sites Trust units between August 29, 2011 and September 29, 2011, becoming a substantial holder with 361,664 units (8.03%).

Will they buy them all back? Who knows, but if they do they might not pay you 100 dollars but it would have to be more than $76...