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OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Release Date: 10/06/2019 17:05
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 29
   April 2019 and 17 May 2019, regarding the Fund’s distribution in respect of the six
   months ended 31 March 2019, as well as the circular to unitholders dated 17 May 2019
   (“Circular”), in this regard.

2. As indicated in the above announcements and Circular, unitholders could elect to receive
   in cash the distribution of 5,744.54790 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 2.61353 units at 2,198 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 and Circular dealing with the
   reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline
   for the above election was 12:00pm on Friday, 7 June 2019.

3. Unitholders holding 17 032 564 units or 27.26% of units qualifying to receive the
   distribution, elected to receive the Cash Distribution, resulting in a Cash Distribution of
   R9 784 437.97, gross of tax.

4. The remaining unitholders, holding 45 451 586 units or 72.74% of units qualifying to
   receive the distribution, reinvested their distribution, amounting to R26 109 881.29, gross
   of tax (R 25 633 021.56 net of tax), resulting in the issuing of 1 166 128 new units.

5. Unitholders are advised that on Monday, 10 June 2019 distribution cheques were posted
   to those certificated unitholders, and distribution payments were credited to the Central
   Securities Depositary Participant (“CSDP”) accounts or to the broker custody accounts of
   those dematerialised unitholders, who elected to receive the Cash Distribution.

6. Unitholders are advised that on Wednesday, 12 June 2019 new unit certificates will be
   posted to those certificated unitholders, and new units will be credited to the CSDP
   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, 14 June 2019, based on
   the results of the distribution.

8. Unitholders are referred to the Fund’s abovementioned announcements for details on the
   tax implications of the distribution.

Cape Town
10 June 2019

Designated Advisor
PSG Capital

Date: 10/06/2019 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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