DISTRIBUTION REINVESTMENT PLAN
11 November 2008
The Westfield Group (ASX:WDC) announced today the reactivation of the Distribution Reinvestment Plan (DRP) for the February 2009 distribution.
A discount of 2.5% will be applied to the units issued under the DRP.
An amount equivalent to 50% of the distribution is underwritten for the period up to, and including, the August 2010 distribution.
The Westfield Group (ASX Code: WDC) is an internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing in excess of 5,000 staff worldwide.It has investment interests in 119 shopping centres across Australia, the United States, the United Kingdom and New Zealand , encompassing in excess of 23,000 retail outlets. With a total value of assets under management of more than A$60 billion, the Westfield Group is the largest retail property group in the world by equity market capitalisation.