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OASIS CRESCENT PROPERTY FUND - Finalisation Announcement In Respect Of Distribution

Release Date: 18/05/2018 17:05
Code(s): OAS     PDF:  
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Finalisation Announcement In Respect Of Distribution

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 Limited
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

FINALISATION ANNOUNCEMENT IN RESPECT OF DISTRIBUTION

Unitholders are referred to the SENS announcement dated 3 May 2018
(“Declaration Announcement”), in which the Fund announced, inter alia, the
distribution, after non-permissible income, in respect of the six months
ended 31 March 2018, of 5 000.87725 cents (in aggregate), for every 100
units held, payable to unitholders recorded in the register of the Fund at
close of business on Friday, 8 June 2018 (“the Distribution”).

As indicated in the Declaration Announcement, unitholders may elect to
receive the Distribution in cash or may reinvest the Distribution by the
purchase of additional units at a rate of 2.42879 units at 2 059 cents per
unit (in aggregate), for every 100 units so held. If no election is made,
unitholders will be deemed to have elected to reinvest the Distribution by
purchasing new units.

Unitholders are advised that the Fund posted a circular to unitholders today,
18 May 2018, in respect of the Distribution and the election by unitholders
to receive the Distribution in cash or to reinvest the Distribution.

The salient dates and times and other information relating to the
Distribution (including the tax implications and information applicable to
non-resident unitholders), as set out in the Declaration Announcement, remain
unchanged, save that the reinvestment ratio disclosed in the Declaration
Announcement in respect of non-resident unitholders will, where dividends
tax is withheld at 20%, be 1.94303 units at 2 059 cents per unit, with this
ratio now being disclosed to five decimal spaces, in accordance with the JSE
Listings Requirements.

18 May 2018
Cape Town

Designated Advisor
PSG Capital Proprietary Limited

Date: 18/05/2018 05:05:00 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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