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OASIS CRESCENT PROPERTY FUND - Distribution results announcement

Release Date: 19/11/2014 17:30
Code(s): OAS     PDF:  
Wrap Text
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
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

1.   Unitholders are referred to the announcements released by the
     Fund on SENS on 16 October 2014 and 24 October 2014, regarding
     the Fund’s distribution in respect of the six months ended 30
     September 2014.

2.   As indicated in the above announcements, unitholders could
     elect to receive in cash the distribution of 4,900.34 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 2.76191 units at 1,774.26
     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 dealing
     with the reinvestment ratio and cash distribution ratio for
     non-resident unitholders.

3.   Unitholders holding 1 180 814 units or 2.6% of units qualifying
     to receive the distribution, elected to receive the Cash
     Distribution, resulting in a Cash Distribution of R578 639.77,
     gross of tax.

4.   The remaining unitholders, holding 44 246 464 units, elected to
     reinvest their distribution, amounting to R 21 682 271.74 gross
     of tax (R 21 348 209.95 net of tax), resulting in the issuing
     of 1 203 208 new units.

5.   Unitholders are advised that on Monday, 17 November 2014
     distribution cheques were posted to those certificated
     unitholders, and distribution payments were credited to the
     Central Securities Depositary Participant accounts or to the
     broker custody accounts of those dematerialised unitholders,
     who elected to receive the Cash Distribution.

6.   Unitholders are advised that on 19 November 2014 new unit
     certificates were posted to those certificated unitholders, and
     new units were credited to the Central Securities Depositary
     Participant 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,
     21 November 2014, based on the results of the distribution.

8.   Unitholders are referred to the Fund’s announcements on 16
     October 2014 and 24 October 2014, as well as the Fund’s
     circular to unitholders dated 23 October 2014, for details on
     the tax implications of the distribution.

19 November 2014
Cape Town

Designated Advisor
PSG Capital (Pty) Ltd

Date: 19/11/2014 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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