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Folkestone expects YOY increase in FY'19 distribution

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Folkestone expects YOY increase in FY'19 distribution

Specialty real estate investment trust Folkestone Education Trust is expecting distribution for the 2019 fiscal year to come in at 16.0 Australian cents per unit.

The amount exceeds the distribution for fiscal 2018 by 6.0%.

The company added that it will continue to pay out quarterly distributions to its unit holders.