Power Assets Holdings:Special dividend $5/sh announced (previously guided)

Dividend as guided. Power Assets Holdings has just announced that it is to pay aone-off special interim dividend of $5/share. This is consistent with its announcedintention (January 16, 2017).

Logistics. The special dividend will be payable in cash on February 28, 2017 toshareholders whose names appear in its Register of Members at the close ofbusiness on February 15, 2017 (record date).

What next?We think PAH intends to pursue further acquisitions as it has abundantcash. This would be the case whether or not its proposed joint acquisition of Duet(ASX-listed owner of energy utility assets in Australia) is completed. However, wewould still not rule out potential for further special dividends in the next 12 months.