FIFB08 FIFB10 FIFB09 FIFB12 FIFB11 FIFB14 FIFB15 201808300053A
FORI - Financial Covenants Announcement
Fortress REIT Limited
(previously Fortress Income Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
Company code: FORI
(Approved as a REIT by the JSE)
(“Fortress” or the “Issuer”)
FINANCIAL COVENANTS NOTIFICATION
Bondholders are advised of the following financial covenant report.
The Issuer’s financial covenant requirement, applicable to the listed notes, is as follows:
• Loan to Value Ratio (“LTV ratio”) does not exceed 50% for the Fortress Group.
The Issuer confirms that the financial covenant was tested at 30 June 2018 and does not exceed 50%,
with the LTV ratio measuring 36.1%.
30 August 2018
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/08/2018 04:49:00 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
