OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Distribution Results Announcement

Oasis Crescent Property Fund
A property fund created under the Oasis Crescent Property Trust
Scheme registered in terms of the Collective Investment Schemes
Control Act (Act 45 of 2002) having REIT status with the JSE
Limited
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

 1. Unitholders are referred to the announcements released by the
    Fund on SENS on 26 October 2016 and 14 November 2016, regarding
    the Fund’s distribution in respect of the six months ended 30
    September 2016, as well as the circular to unitholders dated 14
    November 2016, in this regard.

 2. As indicated in the above announcements and circular,
    unitholders could elect to receive in cash the distribution of
    4,825.64892 cents (in aggregate), after non-permissible income,
    for every 100 units held (“Cash Distribution”), failing which
    the distribution would be reinvested at the rate of 2.32898
    units at 2,072 cents per unit (in aggregate) for every 100
    units so held (“Unit Reinvestment”). Non-resident unitholders
    are referred to those sections of the abovementioned
    announcements and circular dealing with the reinvestment ratio
    and cash distribution ratio for non-resident unitholders. The
    deadline for the above election was 12:00pm on Friday, 2
    December 2016.

3.   Unitholders holding 687 552 units or 1.27% of units qualifying
     to receive the distribution, elected to receive the Cash
     Distribution, resulting in a Cash Distribution of R331 788.45,
     gross of tax.

4.   The remaining unitholders, holding 53 389 900 units or 98.73%
     of units qualifying to receive the distribution, reinvested
     their distribution, amounting to R26 095 879.80, gross of tax
     (R25 390 738.72 net of tax), resulting in the issuing of 1 225
     327 new units.

5.   Unitholders are advised that on Monday, 5 December 2016
     distribution cheques were posted to those certificated
     unitholders, and distribution payments were credited to the
     Central Securities Depositary Participant (“CSDP”) accounts or
     to the broker custody accounts of those dematerialised
     unitholders, who elected to receive the Cash Distribution.

6.   Unitholders are advised that on Wednesday, 7 December 2016 new
     unit certificates will be posted to those certificated
     unitholders, and new units will be credited to the CSDP
     accounts or broker custody accounts of those dematerialised
     unitholders, who qualified for the Unit Reinvestment.

7.   The number of listed units will be adjusted on or about Friday,
     9 December 2016, based on the results of the distribution.

8.   Unitholders are referred to the Fund’s announcement on 26
     October 2016 and, the Fund’s abovementioned circular to
     unitholders dated 14 November 2016, for details on the tax
     implications of the distribution.

5 December 2016
Cape Town

Designated Advisor
PSG Capital Proprietary Limited

Date: 05/12/2016 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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