Listed property loan stock company MICC Property Income Fund, which listed on the JSE Securities Exchange SA in October last year, on Wednesday reported distributions to unitholders for the year to September ahead of forecast.

There seems little chance of either the Vukile Property Fund or ApexHi Properties succeeding in their takeover bids for full control of the MICC Property Income Fund.

41% of annual leasing target achieved in three months

Listed property loan stock company says its offer for all the linked units of rival MICC Property Income Fund still stands

APEXHI"s FIRM INTENTION TO MAKE AN OFFER TO ACQUIRE THE ENTIRE ISSUED CAPITAL OF MICC PROPERTY INCOME FUND LIMITED ("MICC")

Where other property companies have run away from the city, ApexHi has made a success of it.

Investors are generally experiencing a yield famine, but for those aiming to wring out that little extra, ApexHi is yielding about double bank deposit rates

Property portfolio boosted to R2,97-billion, retail component increased

ApexHi sells art deco castle mansions

ApexHi Properties Limited has continued to maintain high trading volumes, with more than 50% its units in issue trading in the nine months ended 31 March 2004.