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CAPITAL PROPERTY FUND - Update in respect of internalising management of Capital

Release Date: 17/04/2014 16:45
Code(s): CPL     PDF:  
Wrap Text
Update in respect of internalising management of Capital

CAPITAL PROPERTY FUND
(a portfolio in Capital Property Trust Scheme, a collective investment
scheme in property registered as such in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002) (“Act”)
(Approved as a REIT by the JSE)
JSE share code: CPL ISIN: ZAE000001731
(“Capital”)
Managed by Property Fund Managers Limited
(Registration number 1980/009531/06)
(“PFM”)


UPDATE IN RESPECT OF INTERNALISING MANAGEMENT OF CAPITAL


Capital unitholders are referred to the previous announcements, the last of which was published on SENS on
27 February 2014, relating to a proposed restructure (“the proposed restructure”) in terms of which Capital will be
established as an internally managed corporate Real Estate Investment Trust (“corporate REIT”).

The process for conversion of a collective investment scheme in property to a corporate REIT was published by the
Financial Services Board by way of a Notice in the Government Gazette in terms of the Act on 28 March 2014.

The approval process of the documentation relating to the proposed restructure is well advanced with the various
regulators and will be sent to Capital unitholders in due course. Capital unitholders will be kept up to date by way of
further SENS announcements.

17 April 2014

Sponsor

Java Capital

Date: 17/04/2014 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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