Delta Property Fund: Firm expects distribution growth

LISTED Delta Property Fund indicated yesterday that it anticipated reporting a growth in distribution a share of between 15.01 percent and 16.93 percent for the year to February, compared with the previous year. It said this meant that its distribution a share for the year to February would be between 83.6 cents and 85c, compared with the 72.69c for the previous comparable period. In July, Delta said it had anticipated double digit growth in the distribution per linked unit for the year. Delta said it expected to publish its annual financial results on May 7. The company’s shares gained 1.69 percent to close at R9.05 yesterday. – Roy Cokayne