OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Distribution Results Announcement

OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis
Crescent Property Trust Scheme registered in
terms of the Collective Investment Schemes
Control Act (Act 45 of 2002) having REIT
status with the JSE
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

1.    Unitholders are referred to the announcements released by the Fund on SENS on
      3 May 2018 and 18 May 2018, regarding the Fund’s distribution in respect of the six
      months ended 31 March 2018, as well as the circular to unitholders dated 18 May 2018,
      in this regard.

2.    As indicated in the above announcements and circular, unitholders could elect to
      receive in cash the distribution of 5,000.87725 cents (in aggregate), after non-
      permissible income, for every 100 units held (“Cash Distribution”), failing which the
      distribution would be reinvested at the rate of 2.42879 units at 2 059 cents per unit (in
      aggregate) for every 100 units so held (“Unit Reinvestment”). Non-resident unitholders
      are referred to those sections of the abovementioned announcements and circular
      dealing with the reinvestment ratio and cash distribution ratio for non-resident
      unitholders. The deadline for the above election was 12:00pm on Friday, 08 June 2018.


3.    Unitholders holding 8 660 084 units or 14.44% of units qualifying to receive the
      distribution, elected to receive the Cash Distribution, resulting in a Cash Distribution of
      R4 330 801.71, gross of tax.

4.    The remaining unitholders, holding 51 332 727 units or 85.56% of units qualifying to
      receive the distribution, reinvested their distribution, amounting to R30 001 668.37,
      gross of tax (R25 250 663.87 net of tax), resulting in the issuing of 1 226 283 new units.


5.    Unitholders are advised that on Monday, 11 June 2018 distribution cheques were
      posted to those certificated unitholders, and distribution payments were credited to the
      Central Securities Depositary Participant (“CSDP”) accounts or to the broker custody
      accounts of those dematerialised unitholders, who elected to receive the Cash
      Distribution.


6.    Unitholders are advised that on Wednesday, 13 June 2018 new unit certificates will be
      posted to those certificated unitholders, and new units will be credited to the CSDP
      accounts or broker custody accounts of those dematerialised unitholders, who qualified
      for the Unit Reinvestment.


7.    The number of listed units will be adjusted on or about Friday, 15 June 2018, based on
      the results of the distribution.
8.    Unitholders are referred to the Fund’s announcement on 3 May 2018 and, the Fund’s
      abovementioned circular to unitholders dated 18 May 2018, for details on the tax
      implications of the distribution.

11 June 2018
Cape Town

Designated Advisor
PSG Capital

Date: 11/06/2018 05:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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