BRIEF-Emira Property Fund Sees Earnings For Current Financial Year Down 15%

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BRIEF-Emira Property Fund Sees Earnings For Current Financial Year Down 15%
Credit: © Reuters.

June 25 (Reuters) - Emira Property Fund EMIJ.J :

* EMIRA PROPERTY FUND - EXPECTS ITS DISTRIBUTABLE EARNINGS FOR CURRENT FINANCIAL YEAR, ON WHICH ITS DPS IS BASED, TO DECREASE BY AT LEAST 15%

* EMIRA PROPERTY FUND - BOARD WILL REVISIT EMIRA'S DISTRIBUTION POLICY, WHICH IS CURRENTLY TO PAY OUT 100% OF DISTRIBUTABLE EARNINGS

* EMIRA PROPERTY FUND - CONCESSIONS LIKE GROSS RENTAL DEFERRALS AND/OR RENTAL REMISSIONS HAVE BEEN PROVIDED TO TENANTS FOR MONTHS OF APRIL, MAY AND JUNE

* EMIRA PROPERTY FUND - RENT DEFERRALS PROVIDED HAVE PAYMENT TERMS RANGING FROM THREE TO NINE MONTHS

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