The best chance at turning around the perennially struggling  Texton Property Fund is probably to delist it first.

As a real-estate investment trust (Reit), Texton is supposed to pay a minimum of 75% of its distributable earnings as a dividend each year. It and many other property funds have put dividends on hold, blaming uncertainty around the Covid-19 pandemic and a need to raise cash...

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