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OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Release Date: 02/12/2019 17:05
Code(s): OAS     PDF:  
Wrap Text
Distribution Results Announcement

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”)


1. Unitholders are referred to the announcements released by the Fund on SENS on 22
   October 2019 and 8 November 2019, regarding the Fund’s distribution in respect of the
   six months ended 30 September 2019, as well as the circular to unitholders dated
   8 November 2019 (“Circular”), in this regard.

2. As indicated in the above announcements and Circular, unitholders could elect to receive
   in cash the distribution of 5,221.32081 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 2.32576 units at 2,245 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, 29 November 2019.

3. Unitholders holding 27 800 324 units or 43.68% of units qualifying to receive the
   distribution, elected to receive the Cash Distribution, resulting in a Cash Distribution of
   R14 515 441.01, gross of tax.

4. The remaining unitholders, holding 35 849 954 units or 56.32% of units qualifying to
   receive the distribution, reinvested their distribution, amounting to R18 718 411.10, gross
   of tax (R 18 245 811.14 net of tax), resulting in the issuing of 812 644 new units.

5. Unitholders are advised that on Monday, 2 December 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

6. Unitholders are advised that on Wednesday, 4 December 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, 6 December 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
2 December 2019

Designated Advisor
PSG Capital

Date: 02-12-2019 05:05:00
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