DIA - Dipula Income Fund Limited - Trading statement
DIA DIB
DIF
DIA - Dipula Income Fund Limited - Trading statement
DIPULA INCOME FUND LIMITED
(formerly Dipula Property Fund (Pty) Ltd)
(Incorporated in the Republic of South Africa)
Registration number 2005/013963/06
Share codes: DIA ISIN: ZAE000158317
DIB ISIN: ZAE000158325
("Dipula")
TRADING STATEMENT
Dipula`s prospectus dated 28 July 2011 included a forecast distribution
for the year ended 31 August 2011 of 9.71 cents per combined A and B
unit. As detailed in the prospectus the forecast was prepared on the
assumption that the listing of Dipula and the various acquisitions (the
"acquisitions") detailed in the prospectus would be effective on 1 August
2011 and, accordingly, represented the forecast distributable income of
the enlarged Dipula group for a one month period.
The listing and acquisitions were in fact only implemented on or around
17 August 2011, with the result that the distribution for the period
ended 31 August 2011 comprises the distributable income of the enlarged
Dipula group for under half a month. Adjusting the forecast to take into
account the later implementation date would result in a revised forecast
distribution of approximately 4.70 cents per combined A and B unit.
The results for the period are still in the process of being finalised
but it is anticipated that the distribution per combined A and B unit
will be between 4.70cent and 4.83cents, in line with or slightly better
than the adjusted forecast distribution set out above. In terms of the
debenture trust deed, A unitholders are entitled to approximately 57% of
the total distributable income for the period ending 31 August 2012 with
B unitholders entitled to the balance.
The information in this trading statement has not been reviewed or
reported on by the auditors. It is anticipated that the audited
financial statements for the year ended 31 August 2011 will be released
during the week starting 14 November 2011.
4 November 2011
Sponsor
Java Capital
Date: 04/11/2011 10:32:01 Produced by the JSE SENS Department.
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