| Mon 8 Jun 2009, 16:16 | | OAS - Oasis Crescent Property Fund - Results Announcement In Respect Of The |
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OAS
OAS
OAS - Oasis Crescent Property Fund - Results Announcement In Respect Of The
Income Distribution
Oasis Crescent Property Fund
A property fund created under the Oasis Crescent Trust Scheme registered in
terms of the Collective Schemes Control Act (Act 45 of 2002)
JSE code: OAS
ISIN: ZAE000074332
("OCPF" or "the Fund")
RESULTS ANNOUNCEMENT IN RESPECT OF THE INCOME DISTRIBUTION
Unitholders are referred to the SENS announcements of 12 and 14 May 2009, where
it was announced that an income distribution, after non-permissible income of 4
823.31 cents (in aggregate) for every 100 units held ("Income Distribution"), in
respect of the 6 months ended 31 March 2009, had been declared to unitholders
recorded in the register of OCPF at close of business on Friday, 5 June 2009,
with the election to receive a unit distribution of 3.86 units, at 1 250 cents
per unit (in aggregate), for every 100 units ("Unit Distribution") held at close
of business on Friday, 5 June 2009, in lieu of the Income Distribution.
The total Income Distribution comprises of four different income distributions,
namely the Property Income Distribution, the Offshore Dividend Income
Distribution, the Offshore Permissible Investments Income Distribution and the
Domestic Permissible Investment Income Distribution.
The directors of Oasis Crescent Property Fund Managers Limited ("the Manager"),
hereby advise unitholders that the closing date and time for the election of the
unit distribution was 12:00 on Friday, 5 June 2009. The following elections to
receive the unit distribution were received from unitholders in respect of the
four different income distributions:
Income Distribution Number of units held by New units issued
unitholders who elected
to receive the unit
distribution
Property Income 25 036 013 801 152
Distribution
Offshore Dividend Income 25 036 012 110 159
Distribution
Offshore Permissible 25 034 935 10 012
Investment Income
Distribution
Domestic Permissible 25 036 013 45 068
Investment Income
Distribution
Total 966 391
Accordingly 966 391 new units in OCPF have been issued to the unitholders that
elected to receive same.
The Manager hereby advises unitholders who will receive the income distribution
of 4 823.31 cents (in aggregate) for every 100 units held that, for taxation
purposes, the four different income distributions comprises four payments that
will each have different tax implications and be classified as follows:
Income Category Classified as (per
SARS reporting
purposes)
(i) Property Income Interest
(ii) Offshore Dividend Income Dividend income
(iii) Offshore Permissible Investment Interest income
Income
(iv) Domestic Permissible Investment Interest income
Income
The Manager therefore advises unitholders to consult their professional tax
advisors with regard to their tax liability in this regard.
Share certificates in respect of the unit distribution will be posted out to
certificated unitholders on or about Monday, 8 June 2009, and cheques in respect
of the income distribution are in the process of being posted.
The CSDP/broker accounts of unitholders holding dematerialised units have been
updated and are in the process of being credited, according to the elections
made.
An adjustment to the maximum number of unit distribution units listed will be
made on or about Wednesday, 10 June 2009
By order of the board of the Manager
8 June 2009
Cape Town
Designated Advisor
PSG Capital (Pty) Limited
Date: 08/06/2009 16:16:02 Produced by the JSE SENS Department.
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