Significant linked unitholders are currently Regarding Capital Management with 23.9% and Element Investment Managers with 28.6%.

The property loan stock group had hoped to issue 150 million linked units at five rand per linked unit through the private placement, its prelisting statement indicates.

Vividend CEO Ari Jacobson says the listing will provide institutional and private investors with an opportunity to participate in the income streams and future capital growth of Vividend while at the same time providing the company with access to capital markets and a secure platform to raise funding to pursue growth opportunities into the future.

Vividend invests in assets and opportunities within the various property sectors available in South Africa and abroad, with primary focus on the commercial, retail and industrial sectors in South Africa.

Jacobs said based on Vividend's acquisition strategy unfolding as planned the company is forecasting an annualised distribution yield to linked unitholders of 8.11% for the year ending 31 August 2011 and an annualised distribution yield of 11.04% for the year ended 31 Augusts 2012.