Accelerate holds off on distribution payments due to pandemic
Accelerate holds off on distribution payments due to pandemic By Edward West Share CAPE TOWN - ACCELERATE Property Fund, which has Fourways Mall as a flagship asset, will not pay a distribution for the periods ending September 30, 2020 and March 31, 2021, the group said in a pre-close update yesterday. REITS are required to pay at least 75 of distributable earnings to shareholders, but the group said it believed its REIT status would not be affected by the non-payment of distributions due to th...
Source: iol.co.za