OAS - Oasis Crescent Property Fund - Trading Updat
OAS
OAS
OAS - Oasis Crescent Property Fund - Trading Update
OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis Crescent Property Trust Scheme
registered in terms of the Collective Schemes Control Act (Act 45 of 2002)
JSE code: OAS
ISIN: ZAE000074332
("OCPF" or "the fund")
TRADING UPDATE
Shareholders are advised that the investment manager of the fund, Oasis
Crescent Property Fund Managers Limited, expects the distribution per unit
for the six months ended 30 September 2007 to be between 20% and 25% higher
than the distribution per unit for the six months ended 30 September 2006.
The distribution per unit comprises only permissible income in terms of the
Shari`ah compliant mandate of the fund. The increase in distribution per unit
is mainly attributable to decreased non-permissible interest income during
the period as cash funds were utilised to invest in properties during the
comparative period.
The financial information contained in this trading update has not been
reviewed and/or reported on by the fund`s auditors. It is expected that the
results for the six months ended 30 September 2007 will be released on or
about 23 November 2007.
Sandton
9 November 2007
Designated Advisor
Ernst & Young Sponsors (Pty) Ltd
(Registration number 2000/031843/07)
Date: 09/11/2007 17:23:17 Produced by the JSE SENS Department.
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