Calulo - Revised Earnings And Distribution Forecast
CALULO PROPERTY FUND LIMITED
(Formerly Annuity Property Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration no. 1987/006274/06)
Share code CLO ISIN: ZAE000060711
(`Calulo`)
REVISED EARNINGS AND DISTRIBUTION FORECAST
In view of the delayed registration leading to a delayed issue of new linked
units, the company has revised the earnings and distribution forecast published
in the circular dated 11 March 2005. The revised forecast earnings per linked
unit for the eight months ending 31 December 2005 is 15.6 cents and headline
earnings 14.7 cents. The revised forecast distribution for the two months ending
30 June 2005 is 4.1 cents per linked unit. The previous forecast was for a nine-
month period and the figures were 17.6 cents, 16.7 cents and 6.1 cents
respectively (for three months).
The forecast yield on the issue price of 210 cents remains the same, at 12
percent.
The forecast has been reviewed by KPMG, the company`s reporting accountants.
Their report is available at the company`s head office at Block B, First Floor,
Sandhurst Office Park, corner Rivonia Road and Katherine Street, Sandton.
Sandton,
22 April 2005
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 22/04/2005 02:43:02 PM
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