INVESTEC AUSTRALIA PROPERTY FUND - Distribution Update
Distribution Update
INVESTEC AUSTRALIA PROPERTY FUND
Established in Australia and registered with ASIC as a managed investment scheme (ARSN 162 067 736)
Operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (Responsible Entity)
Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act
No.45 of 2002
Unit code: IAP
ISIN: AU0000046005
(IAP or the Fund)
DISTRIBUTION UPDATE
Unitholders are referred to the announcement released on SENS on Thursday, 29 October 2020 containing
details of the interim distribution declaration number 15.
As required by the JSE Listings Requirements, the Fund has entered into a forward exchange contract to convert
the Australian dollar (“AUD”) distribution to South African rand (“ZAR”) such that unitholders are advised of the
applicable exchange rate at least one week in advance of the last day to trade. This is in line with the manner in
which the Fund’s last distribution payment was made and will be applied to all future distribution payments that
the Fund makes.
Accordingly, unitholders are advised that the distribution has been converted from AUD and NZD to ZAR at an
exchange rate of AUD 1.00: ZAR 11.37 and NZD 1:00: ZAR 10.76. The resulting distribution is 49.19012 ZAR
cents per unit (pre withholding tax paid in Australia and corporate tax paid in New Zealand) and 44.44905 ZAR
cents per unit (post withholding tax paid in Australia and corporate tax paid in New Zealand) for the interim
distribution declaration number 15. The post withholding tax distribution will be paid on Friday, 4 December 2020
as per the timetable set out in the announcement released on SENS on Thursday, 29 October 2020.
This announcement is applicable only to those unitholders whose units are registered on the Fund’s South
African sub-register.
Johannesburg
16 November 2020
Investment Bank and Sponsor
Investec Bank Limited
Date: 16-11-2020 08:22:00
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