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Vunani Property Investment Fund grows distributions by 19.7%

Posted On Wednesday, 14 August 2013 10:53 Published by eProp Commercial Property News
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Linked unitholders are advised that the distribution per linked unit for the 6 months ended 30 June 2013 will be 39.25 cents and for the 12 months ended 30 June 2013 the distribution will be 77.25 cents per linked unit.

Rob Kane

This represents a 19.7% increase in distributions year on year.

VPIF has paid 38 cents per linked unit for the first 6 months ended 31 December 2012.

For the 6 months to 30 June 2012, VPIF paid a distribution of 33.97 cents per linked unit and 64.51 cents per linked unit for the 12 months to 30 June 2012.

The increased distribution is a result of tight management of existing assets and yield accretionary acquisitions. Management believes these factors will continue to have an enduring and sustainable impact on future distributions.

The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.

The company's financial results for the year ended 30 June 2013 will be released on or about 26 August 2013.

Linked unitholders are also referred to the announcement dated 28 June 2013, which provided some insight into the company's prospects for the year ending 30 June 2014 and are advised that the information contained therein remains relevant.

Last modified on Thursday, 17 April 2014 12:06

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