Arrowhead Pays Cash Interest Distribution for The Quarter Ended 30 September 2012

Posted On Wednesday, 14 November 2012 18:21 Published by eProp@News
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Arrowhead, the only JSE listed property company to pay quarterly distributions, has announced its fourth and final distribution for the year ended 30 September 2012. The Company achieved an annualised distribution of 100,58 cents per combined A and B linked units which is 2,2% ahead of the forecast of 98,38 cents set out in the pre-listing statement.

“We are pleased to report this positive performance to our investors. We have met and exceeded the target set out at listing in December 2011” commented Gerald Leissner, Chief Executive Officer.

“Our strategy going forward will be to continue expanding the asset base by identifying income-enhancing and high-yielding properties in secondary locations throughout South Africa” he concluded.

The board has approved a cash interest distribution of 15 cents per A-linked unit and 11.02 cents per B-linked unit for the quarter ended 30 September 2012.

Abridged audited financial statements for the year ended 30 September 2012 will be announced on SENS on or about the 26th of November 2012. On the same date, Arrowhead’s integrated report will be posted to unitholders and made accessible on the company website.

Last modified on Wednesday, 14 November 2012 18:24

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