Tower Property Fund, which has assets in SA and Croatia, says it has changed its distribution policy in light of Covid-19.

The group is a real estate investment trust, and is required to pay out at least 75% of distributable earnings annually. Tower said it would reduce its payout to the minimum, and while this would be revised from time to time, it does not expect to pay out more than 90% going forward...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now