Redefine, is finalising the acquisition of a R255 million property portfolio

Redefine Income Fund has acquired Allcare House

Hybrid property loan stock company Redefine Income said on Friday that it had disposed of its entire holding of 9,69million units in the listed property unit trust Sycom at an average price of R10,35 a unit.

Redefine Income Fund has implemented an odd-lot offer which will be compulsory to linked unitholders holding 99 linked units or less, and voluntary to those who hold between 100 and 1,000 linked units.

It is believed that most analysts prefer internal management structures because objectives are more aligned with unitholders' interests

HYBRID property loan stock company Redefine Income Fund said yesterday that it had sold its holding of almost 20-million units in listed property unit trust Grayprop for about R60m.

Demand for units will push up prices

Redefine Income Fund today announced a distribution of 8.25 cents per linked unit for its third quarter from 1 March 2004 to 31 May 2004.

Following recent transactions Redefine Income Fund has the longest lease expiry profile on the listed property sector of the JSE Securities Exchange South Africa.

Redefine Income Fund today announced that it has purchased 6,031,600 Paramount Property Fund ("Paramount") linked units for R21,110,600, or R3.50 per unit.