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OAS - Oasis Crescent Property Fund - Results announcement in respect of the unit distribution Oasis Crescent Property Fund A property fund created under the Oasis Crescent Trust Scheme registered in terms of the Collective Schemes Control Act (Act 45 of 2002) JSE code: OAS ISIN: ZAE000074332 ("OCPF" or "the Fund") RESULTS ANNOUNCEMENT IN RESPECT OF THE UNIT DISTRIBUTION Unitholders are referred to the SENS announcement of Wednesday, 9 May 2012, where it was announced that an unit distribution of 3.05 units at 1439.43 cents per unit (in aggregate), for every 100 units held ("Unit Distribution"), in respect of the 6 months ended 30 March 2012, had been declared to unitholders recorded in the register of OCPF at close of business on Friday, 1 June 2012, with the election to receive an income distribution of 4 399.22 cents (in aggregate) after non-permissible income, for every 100 units ("Income Distribution") held at close of business on Friday, 1 June 2012, in lieu of the Unit Distribution. The total Unit Distribution comprises of three different unit distributions, namely the Property Unit Distribution, the Offshore Dividend Unit Distribution and the Domestic Permissible Investments Unit Distribution. The directors of Oasis Crescent Property Fund Managers Limited ("the Manager") hereby advise unitholders that the closing date and time for the Unit Distribution was 12:00pm on Friday, 1 June 2012. The table below sets out the number of units to be issued to unitholders in terms of the Unit distribution who have not elected to receive the Income Distribution: Unit Distribution Number of units held New units issued by unitholders who have not elected to receive the Income Distribution
Property Unit 38 638 982 935 065 Distribution Offshore Dividend 38 653 982 158 482 Unit Distribution Domestic 38 643 982 85 018 Permissible Investments Unit Distribution Total 1 178 565 Accordingly 1 178 565 new units in OCPF have been issued to the unitholders that have not elected to receive the Income Distribution. In respect of the Unit Distribution (and concomitant Income Distribution), the Manager hereby advises unitholders who will receive the Unit Distribution that, for taxation purposes the property unit distribution, offshore dividend unit distribution and domestic permissible investments unit distribution have different tax implications for unitholders as a result of such distributions being classified as either a net property distribution, net foreign income distribution or net domestic income distribution and accordingly the provisions of dividend tax will not be applicable. The Income Tax Act sections applicable to the distributions made are as follows: Property Income Distribution -section 10(k) Offshore dividend income distribution - section 10(i) Domestic permissible investments income distribution - section 10(k) Realised gain in domestic permissible investments income distribution - 8th Schedule of the Income Tax Act The Manager therefore advises unitholders to consult their professional tax advisors with regard to their tax liability in this regard. Share certificates in respect of the Unit Distribution will be posted out to certificated unitholders on or about Monday, 4 June 2012, and cheques in respect of the Income Distribution are in the process of being posted. The CSDP/broker accounts of unitholders holding dematerialised units have been updated and are in the process of being credited, according to the elections made. An adjustment to the maximum number of Unit Distribution units listed will be made on or about Wednesday, 6 June 2012. By order of the board of the Manager 4 June 2012 Cape Town Designated AdvisorPSG Capital (Pty) Limited Date: 04/06/2012 15:56:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
