Redefine Income Fund’s market capitalisation exceeded R2 billion mark for the first time.

There does not seem to be much hope that listed property loan stock Hyprop will succeed with its takeover of SA Retail Properties.

Property loan stock company Redefine's sparkling results (Companies April 22) have revived the debate about whether property funds listed on the JSE should be pure or "hybrid".

Redefine Income Fund, managed by Madison Property Fund Managers, announced an increased interest distribution of 9 cents per linked unit for the second quarter ended 28 February 2005.

Listed property loan stock Redefine Income Fund yesterday posted above industry average results, reporting an 11,29% increase in its total distributions for the six months to February.

Redefine Income Fund has disposed of 70.75 million Martprop Property Fund units and 8.4 million Growthpoint Properties Limited units.

Redefine Income Fund has acquired Riverside Value Mart in Nelspruit for R37,5 million at a forward yield of 12%.

Redefine Income Fund announced the results of its odd-lot offer today.

Redefine Income Fund has acquired a portfolio of 9 properties from Collins Property Group for R252,5 million, at a forward yield of 10.7%

Monday, 11 October 2004: Redefine Income Fund's unitholders today approved the listed property fund's previously announced "odd-lot" offer.