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INVESTEC AUSTRALIA PROPERTY FUND - Distribution update

Release Date: 19/11/2019 07:31
Code(s): IAP     PDF:  
 
Wrap Text
Distribution update

INVESTEC AUSTRALIA PROPERTY FUND
Established in Australia and registered with ASIC as a managed investment scheme (ARSN 162 067 736)
Operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”)
Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act
No.45 of 2003
Unit code: IAP
ISIN: AU0000046005
(“IAP” or the “Fund”)


DISTRIBUTION UPDATE


Unitholders are referred to the announcement released on SENS on Wednesday, 30 October 2019 containing
details of the interim distribution declaration number 13.

As required by the JSE Listings Requirements, the Fund has entered into a forward exchange contract to convert
the Australian dollar (“AUD”) and New Zealand dollar (“NZD”) distribution to South African rand (“ZAR”) such that
unitholders are advised of the applicable exchange rate at least 1 week in advance of the last day to trade. This is in
line with the manner in which the Fund’s last distribution payment was made and will be applied to all future
distribution payments that the Fund makes.

Accordingly, unitholders are advised that the distribution has been converted from AUD and NZD to ZAR at an
exchange rate of AUD 1.00: ZAR 10.03 and NZD 1:00: ZAR 9.41. The resulting distribution is 31.71766 ZAR cents
per unit (pre withholding tax paid in Australia and corporate tax paid in New Zealand) and 28.92928 ZAR cents per
unit (post withholding tax paid in Australia and corporate tax paid in New Zealand) for the interim distribution
declaration number 13. The post withholding tax distribution will be paid on Friday, 6 December 2019 as per the
timetable set out in the announcement released on SENS on Wednesday, 30 October 2019.

This announcement is applicable only to those unitholders whose units are registered on the Fund’s South African
sub-register.



Johannesburg
19 November 2019


Sponsor
Investec Bank Limited

Date: 19/11/2019 07:31:00
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