Capital Structure and Fees
fix(financial-model): remove the 1.20x interest-coverage figure from the Index Topic body text — sensitive deal-specific figure per R0-R13, confirmed present-in-source-but-not-for-publication by the company-category dossier; same standard now applied retroactively across Index Topics; EN+ES
@@ -56,12 +56,12 @@ capital is returned, in place of the conventional 2-and-20 management and perfor How value and forward figures are arrived at: the three-method estimate for the parent holding company, the IFRS basis on which a vehicle-level forecast is built, and the stress scenarios run against the 1.20x interest-coverage covenant. scenarios run against the interest-coverage covenant. <!-- AUTO-GENERATED MEMBERSHIP: DO NOT EDIT BELOW — regenerate from index_group: valuation-and-forecasting-methodology --> - [[holding-company-valuation-methodology]] — The three-method framework — price/earnings, earnings-yield, and book value — used to model a composite fair-value-per-share estimate for the parent holding company, distinct from asset- and vehicle-level valuation. - [[ifrs-forecast-methodology-direct-hold-solutions]] — How a 10-year IFRS-styled financial forecast for a Direct-Hold Solution vehicle applies IFRS 18, IAS 40, IFRS 13, and IFRS 2 to project future financial statements — illustrative, not a guarantee of results. - [[sensitivity-and-stress-test-methodology]] — How Direct-Hold Solutions model interest-rate, occupancy, and development-yield stress against the 1.20x interest-coverage covenant. - [[sensitivity-and-stress-test-methodology]] — How Direct-Hold Solutions model interest-rate, occupancy, and development-yield stress against the interest-coverage covenant. <!-- END AUTO-GENERATED --> What a unit holder is actually paid, and when a distribution is withheld, is covered under