April 1, 2020 / 11:26 AM / 4 months ago

BRIEF-Vukile Property Fund To Reconsider Distribution Policy Due To Coronavirus

April 1 (Reuters) - Vukile Property Fund Ltd:

* TRADING UPDATE AND WITHDRAWAL OF DIVIDEND GUIDANCE

* FY DISTRIBUTABLE EARNINGS PER SHARE EXPECTED TO REMAIN WITHIN GUIDANCE OF 3% TO 5% GROWTH COMPARED TO PRIOR YEAR

* WILL RECONSIDER ITS DISTRIBUTION POLICY, WHICH IS CURRENTLY TO PAY OUT 100% OF DISTRIBUTABLE EARNINGS BY WAY OF A DIVIDEND

* TO MAINTAIN MAXIMUM OPERATIONAL, FINANCIAL FLEXIBILITY, DIVIDEND PER SHARE GUIDANCE FOR YEAR ENDED 31 MARCH 2020 IS WITHDRAWN Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below