March 24 (Reuters) - Aventus Group AVN.AX :
* DISTRIBUTION ANNOUNCEMENT AND WITHDRAWAL OF FY20 GUIDANCE
* AVN HAS ALSO SUSPENDED DISTRIBUTION REINVESTMENT PLAN UNTIL FURTHER NOTICE
* GROUP WILL ASSESS JUNE 2020 QUARTER DISTRIBUTION AT END OF FINANCIAL YEAR
* OPERATING PERFORMANCE OF PORTFOLIO UP TO ESCALATION OF COVID-19 PANDEMIC HAS BEEN "SOLID"
* BALANCE SHEET REMAINS ROBUST WITH NO DEBT EXPIRING BEFORE MAY 2022 AND OVER $100 MILLION OF CASH AND UNDRAWN FACILITIES AVAILABLE
* ADOPTED A CONSERVATIVE APPROACH FOR MARCH 2020 QUARTER DISTRIBUTION
* FOR MARCH 2020 QUARTER, DECLARING A DISTRIBUTION EQUIVALENT TO 25% OF DISTRIBUTIONS PAID LAST QUARTER