June 22, 2018 / 2:54 AM / 3 months ago

BUZZ-Australia's Gateway Lifestyle extends gains, hits 1-1/2-yr high

** Shares of Gateway Lifestyle Group extend gains, rise as much as 3.3 pct to A$2.33

** The retirement village owner announces distribution for six months till June 30 of 5.35 cents per stapled security, compared with distribution of 5.6 cents a year ago

** Stock ended 6.5 pct higher in the previous session after Canada’s Brookfield Asset Management Inc offered a $515 million bid for Gateway

** Stock hits highest since Nov 29, 2016

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