To view the PDF file, sign up for a MySharenet subscription.

INVESTEC AUSTRALIA PROPERTY FUND - Distribution Update

Release Date: 26/05/2020 08:00
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 2002
Unit code: IAP
ISIN: AU0000046005
(“IAP” or the “Fund”)


DISTRIBUTION UPDATE


Unitholders are referred to the announcement released on SENS on Wednesday, 6 May 2020 containing details
of the final distribution declaration number 14.

As required by the JSE Listings Requirements, the Fund has entered into a forward exchange contract to convert
the Australian dollar (“AUD”) distribution to South African rand (“ZAR”) such that unitholders are advised of the
applicable exchange rate at least one 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 to ZAR at an exchange
rate of AUD 1.00: ZAR 12.01. The resulting distribution is 51.68719 ZAR cents per unit (pre withholding tax paid
in Australia and corporate tax paid in New Zealand) and 50.45913 ZAR cents per unit (post withholding tax paid
in Australia and corporate tax paid in New Zealand) for the final distribution declaration number 14. The post
withholding tax distribution will be paid on Friday, 12 June 2020 as per the timetable set out in the announcement
released on SENS on Wednesday, 6 May 2020.

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


Johannesburg
26 May 2020


Sponsor
Investec Bank Limited

Date: 26-05-2020 08:00:00
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.

Share This Story