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

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

April 1 (Reuters) - Vukile Property Fund Ltd VKEJ.J :

* 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* TO MAINTAIN MAXIMUM OPERATIONAL, FINANCIAL FLEXIBILITY, DIVIDEND PER SHARE GUIDANCE FOR YEAR ENDED 31 MARCH 2020 IS WITHDRAWN

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