VIVIDEND INCOME FUND LIMITED - Update Regarding Special Distribution

Release Date: 04/07/2014 15:21
Code(s): VIF
 
Wrap Text
Update Regarding Special Distribution

VIVIDEND INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2010/003232/06)
JSE share code: VIF
ISIN: ZAE000150918
(Approved as a REIT by the JSE)
(“Vividend” or “the Company”)

UPDATE REGARDING SPECIAL DISTRIBUTION

Linked unitholders of Vividend (“Linked Unitholders”) are
referred to:

a) the circular (“Circular”) that was posted to Vividend
   linked unitholders on 2 June 2014 relating to, inter
   alia, the indivisibly linked schemes of arrangement (the
   "Schemes") in terms of section 114 of the Companies Act
   71 of 2008, as amended, proposed by the independent board
   of directors of Vividend between Vividend and the Linked
   Unitholders; and

b) the announcement released on SENS on 27 June 2014 in
   terms of which, subject to the Schemes becoming
   unconditional and the approval by the Linked Unitholders
   of the amendment to the debenture trust deed as
   contemplated in the Circular, the directors of Vividend
   declared a gross special distribution of 4.04 cents per
   linked unit for the period 1 March 2014 to 31 March 2014
   (“Special Distribution”).

Notice is hereby given that the Schemes have not yet become
unconditional and, accordingly, the salient dates relating
to the Special Distribution are amended as set out below.

The Special Distribution will be payable to Linked
Unitholders recorded in the register of the Company on
Friday, 25 July 2014. The last day to trade cum
distribution will be Friday, 18 July 2014 and trading will
commence ex distribution on Monday, 21 July 2014.

In respect of dematerialised Linked Unitholders, the
distribution will be transferred to the Central Securities
Depository Participant (CSDP) accounts or brokers' accounts
on Monday, 28 July 2014. Certificated Linked Unitholder
distribution payments will be posted on or about Monday, 28
July 2014.

No dematerialisation or rematerialisation of linked units
may take place between Monday, 21 July 2014, and Friday,
25 July 2014, both days inclusive.

The finalisation date announcement is expected to be
released on SENS on Wednesday, 16 July 2014.

Cape Town
4 July 2014

Sponsor to Vividend
PSG Capital

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