Vunani expects distribution of 84c-86c in 2014 from 75c-77c

Vunani (VUN) Property Investment Fund anticipates the distributions for the next 12 months to June 30 2014 to be 84C-86 cents per linked unit for the existing portfolio‚ the company said in a market update and future prospects note on Monday.

This is more than the anticipated distribution for the 12 months to the end of June of 75c-77c per linked unit.

For the six months ending June 30‚ a distribution of 35.5c-38.5c is expected.

This information is based on the assumptions that the macroeconomic environment will remain stable‚ no major corporate failures will occur‚ budgeted renewals will be concluded and that clients will be able to absorb the recovery of the rising rates and utility costs‚ the company said.

Financial results for the year ending June 30 will be released on or about August 26‚it said.

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