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Market update and future prospects
VUNANI PROPERTY INVESTMENT FUND LIMITED
(Granted REIT status by the JSE)
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE code: VPF
ISIN: ZAE000157459
(“VPIF” or “the company”)
MARKET UPDATE AND FUTURE PROSPECTS
Unitholders are referred to the trading statement issued on 31
May 2013 in which the company stated that it anticipated that
the distribution per linked unit for the 6 months ended 30
June 2013 would be between 36.5 cents and 38.5 cents and for
the 12 months ended 30 June 2013 would be between 75 cents and
77 cents.
Linked unitholders are advised that the distribution per
linked unit for the 6 months ended 30 June 2013 will be 39.25
cents and for the 12 months ended 30 June 2013 the
distribution will be 77.25 cents per linked unit. This
represents a 19.7% increase in distributions year on year.
VPIF has paid 38 cents per linked unit for the first 6 months
ended 31 December 2012. For the 6 months to 30 June 2012, VPIF
paid a distribution of 33.97 cents per linked unit and 64.51
cents per linked unit for the 12 months to 30 June 2012.
The increased distribution is a result of tight management of
existing assets and yield accretionary acquisitions.
Management believes these factors will continue to have an
enduring and sustainable impact on future distributions.
The financial information on which this trading statement is
based has not been reviewed or reported on by the company’s
auditors.
The company’s financial results for the year ended 30 June
2013 will be released on or about 26 August 2013.
Linked unitholders are also referred to the announcement dated
28 June 2013, which provided some insight into the company’s
prospects for the year ending 30 June 2014 and are advised
that the information contained therein remains relevant.
Sandton
14 August 2013
Sponsor
Grindrod Bank Limited
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