Dipula holds on to distribution amid cash-crunch concerns
04 February 2021 - 10:03
Landlord Dipula Income Fund, whose portfolio includes offices, retail and industrial buildings, says it will not make a call on a distribution by the end of February, amid concerns it may face a cash crunch as Covid-19 threatens collections and prompts additional support to tenants.
The group had indicated previously it would decide on a distribution for its year to end-August 2020 by the end of February, but said on Thursday it was concerned its cash position could come under threat from Covid-19...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.