FY16 financial results:

· NPAT was $866,573 for the full year ended 30 June 2016 (within guidance)
· Earnings per unit – 12.59 cents
· Net assets total $7.7 million (or $1.11 on a per unit basis)
· Distributions of 14.36 cents per unit, inclusive of franking credits – in line with forecast

FY16 highlights:

· Strong period of performance – opening FY16 at 87 cents, and closing at $1.22 (40% gain, excluding dividends)
· Liquidity – Rural Funds turned over 10% of issued units
· Transfer of Victoria grower contracts to Turi Foods (approx 20% of Rural Funds’ poultry assets by area)
· Batches of chicks expected to be received from Turi in Feb 2017

Forecast:

· FY17 distributions to remain at existing level of 14.36 cpu, inclusive of franking
· Profit expected to be consistent with FY16 result
· Forecast distribution yield of 11.8%
· Positive fundamentals of poultry industry combined with Rural Funds’ experience and track record