Asian Pay TV Trust

Asian Pay TV Trust (APTT): Taiwan Broadband Communications (TBC) has received approval from the National Communications Commission of Taiwan to commence the partial expansion of its Hybrid Fibre Coaxial cable network. The expansion would provide TBC coverage of up to an additional 400,000 homes in the greater Taichung area. Separately, the manager of the trust has reaffirmed its distribution of 4.8¢ per unit for 1H13, part of the 8.93¢ per unit for FY13. At the last closing price of $0.84, APTT trades at a forward yield of 10.6%.