Fortress: Income likely to rise at least 14%

Fortress Income Fund anticipated its distributable income in the year to June was likely to be between 14 percent and 15 percent higher than in the previous year, the listed property fund said yesterday. The fund added that its distributions per B-linked unit were expected to increase by between 49 percent and 54 percent. Fortress expected to publish its annual financial results on August 12. The A-linked units rose 0.64 percent to R15.75 yesterday while the B-linked units leapt 4.19 percent to R11.21. – Roy Cokayne