| 1. Unitholders are referred to the announcements released by the Fund on SENS on 22 October 2024 and 8 November 2024, regarding the Fund’s distribution in respect of the six months ended 30 September 2024, as well as the circular to unitholders dated 8 November 2024 (“Circular”), in this regard. |
| 2. As indicated in the above announcements and the Circular, unitholders could elect to receive in cash the distribution of 5,935.79300 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 2.15299 units at 2,757 cents per unit (in aggregate) for every 100 units so held (“Unit Reinvestment”). Non-resident unitholders are referred to in those sections of the abovementioned announcements and the Circular dealing with the reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for the above election was noon on Friday, 6 December 2024 |
| 3. Unitholders holding 37 933 600 units or 58.9% of units qualifying to receive the distribution, elected to receive the Cash Distribution, resulting in a Cash Distribution of R22 516 599.72 gross of tax. |
| 4. The remaining unitholders, holding 26 500 861 units or 41.1% of units qualifying to receive the distribution, reinvested their distribution, amounting to R15 730 362.53 gross of tax (R14 603 479.82 net of tax), resulting in the issuing of 529 634 new units. |
| 5. Unitholders are advised that on Monday, 9 December 2024, distribution payments were made into the bank accounts of 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, 11 December 2024, 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. Unitholders are advised that 9 730 units will be issued to directors of Oasis Crescent Property Fund Managers Limited and their associates, with no units being issued to prescribed officers or the company secretary of Oasis Crescent Property Fund Managers Limited, on the following basis: |
| DIRECTOR / ASSOCIATE OF DIRECTOR |
NO. OF UNITS |
| ADAM EBRAHIM FAMILY TRUST |
1 460 |
| BINT NUR EBRAHIM TRUST |
486 |
| ZAHRA EBRAHIM TRUST |
486 |
| ABLI FAMILY TRUST |
486 |
| ROSHIN ARA EBRAHIM FAMILY TRUST |
486 |
| OASIS CRESCENT PROPERTY FUND MANAGERS |
4 227 |
| OASIS CRESCENT INSURANCE LTD |
1 724 |
| MR MAHOMED SHAHEEN EBRAHIM |
375 |
|
| 8. The number of listed units will be adjusted on or about Friday, 13 December 2024, based on the results of the distribution. |
| 9. Unitholders are referred to the Fund’s abovementioned announcements for details on the tax implications of the distribution. |
| For the full document click the link below: |
| Oasis Crescent Property Fund |
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