This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
INVESTEC AUSTRALIA PROPERTY FUND – DISTRIBUTION UPDATES
Hamilton, Bermuda – 30 May, 2014 – In filings with the Bermuda Stock Exchange (“BSX”), INVESTEC AUSTRALIA PROPERTY FUND (the "IAPF” or the “Fund”; Ticker: IAP.BH) released clarifying statements concerning the distribution declaration announced on 22 May, 2014. The filings stated:
“Unitholders are referred to the announcement relating to the reviewed preliminary condensed consolidated results for the period ended 31 March, 2014, released on SENS on Thursday, 22 May, 2014 containing details of the final distribution declaration number 1.
Unitholders are advised that this distribution has been converted from AUD to ZAR on Thursday, 29 May, 2014, at an exchange rate of AUD 1.00 : ZAR 9.7232. The resulting distribution is 33.22226 ZAR cents per unit (pre withholding tax paid in Australia) and 31.12970 ZAR cents per unit (post withholding tax paid in Australia). This post withholding tax distribution will be paid on Tuesday, 17 June 2014 as per the timetable set out in the reviewed preliminary condensed consolidated results.
A subsequent filing further stated:
Unitholders are advised that the AUD distribution amounts of 3.42 AUD cents per unit (pre withholding tax paid in Australia) and 3.20 AUD cents per unit (post withholding tax paid in Australia), as disclosed in the Results Announcement, were rounded to two decimal places. The equivalent numbers rounded to 5 decimal places are 3.41680 AUD cents per unit and 3.20159 AUD cents per unit respectively, and these have been used in determining the rand equivalent of the distribution amount.”
-ends-
Bermuda Listing Sponsor:
Capital G BSX Services Limited
Attn: Kim Gibson Tel: + 441.294.2471