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INVESTEC AUSTRALIA PROPERTY FUND - Results of distribution re-investment alternative

Release Date: 12/12/2016 09:36
Code(s): IAP     PDF:  
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Results of distribution re-investment alternative

INVESTEC AUSTRALIA PROPERTY FUND
Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736)
Registered in terms of the Collective Investment Schemes Control Act No.45 of 2003
Operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”)
Share code: IAP
ISIN: AU60INL00018
(“IAPF” or the “Fund”)



RESULTS OF DISTRIBUTION RE-INVESTMENT ALTERNATIVE




Unitholders are referred to the announcements released on the Stock Exchange News Service (“SENS”) on Wednesday, 16
November 2016 and Tuesday, 29 November 2016 relating to the declaration and finalisation of the cash distribution of 47.73927
ZAR cents (post withholding tax paid in Australia) per unit (“Cash Distribution”) and the election to re-invest this in return for new
units (“Re-Investment Alternative Units”).


Unitholders holding 153,200,010 units, or 47.5% of units qualifying to receive the distribution, elected to receive Re-Investment
Alternative Units, resulting in the issue of 5,223,526 new units, retaining ZAR 73.1 million (based on the issue price of ZAR 14.00
per unit) in new equity for the Fund. Accordingly, an aggregate Cash Distribution of ZAR 80.8 million is payable today in respect of
169,159,487 units.


Distribution cheques in respect of certificated unitholders who elected to receive the Cash Distribution were posted today and unit
certificates in respect of certificated unitholders who elected to receive Re-Investment Alternative Units will be posted on
Wednesday, 14 December 2016 to certificated unitholders, at their own risk. The Central Securities Depository Participants or
broker custody accounts of dematerialised unitholders will be credited on Wednesday, 14 December 2016 with their new units, in
line with the settlement dates as indicated in the aforementioned SENS announcements.


Johannesburg
12 December 2016


Investment Bank and Sponsor
Investec Bank Limited

Date: 12/12/2016 09:36:00 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.

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