| Mon 16 Nov 2009, 17:49 | | OAS - Oasis Crescent Property Fund - Results announcement in respect of the |
|
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 21 October 2009 and
30 October 2009, where it was announced that an income distribution, after
non-permissible income of 4 707.95 cents (in aggregate) for every 100 units
held ("Income Distribution"), in respect of the 6 months ended 30 September
2009, had been declared to unitholders recorded in the register of OCPF at close
of business on Friday, 13 November 2009, with the election to receive a unit
distribution of 3.77 units, at 1 250 cents per unit (in aggregate), for every
100 units ("Unit Distribution") held at close of business on Friday, 13 November
2009, in lieu of the Income Distribution.
The total Income Distribution comprises of 3 (three) different income
distributions, namely the Property Income Distribution, the Offshore Dividend
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, 13 November 2009.
The following elections to receive the unit distribution were received from
unitholders in respect of the 3 (three) different income distributions:
Income Distribution Number of units held by New units issued
unitholders who elected to
receive the unit
distribution
Property Income Distribution 19 124 504 617 721
Offshore Dividend Income 19 339 055 102 498
Distribution
Domestic Permissible 19 339 055 1 933
Investment Income
Distribution
Total 722 152
Accordingly 722 152 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 4 707.95 cents (in aggregate) for every 100 units held that, for taxation
purposes, the three different income distributions comprises three 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) 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, 16 November 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, 18 November 2009.
By order of the board of the Manager
16 November 2009
Cape Town
Designated AdvisorPSG Capital (Pty) Limited
Date: 16/11/2009 17:49:47 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.
