Transcend Property Fund halves dividend amid Covid-19
The group swung into a loss in its six months to end-June, taking a hit from its interest-rate swaps as the repo rate fell
13 August 2020 - 14:23
Specialised residential property fund Transcend has cut its interim dividend by more than a half as it seeks to hold on to cash during the Covid-19 pandemic.
The group cut its distribution per share 60% to about 12.1c for its six months to end-June, when the group swung into a R51.2m loss, from profit of R71.8m previously..
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