Vukile Property Fund declares special distribution

Vukile Property Fund (VKE) has declared a special distribution of non-recurring income of 13.8306c per linked unit out of distributable income.

The company said on Friday that it had advised linked unitholders in its results for the year ended March 2013‚ which were released in May‚ that in order to report a more predictable and stable income stream for investors‚ abnormal sales commission and other nonrecurring income earned less expenses would be paid as a separately identified special distribution in the financial year in which the nonrecurring income was earned.

In line with this‚ it had declared the special distribution. The last day to trade in order to participate in the special distribution is Friday‚ 22 November‚ it said.

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