Marriott Property Income comment - Sep 01 - Fund Manager Comment25 Oct 2001
The current exposure to listed property stocks for the fund is about 83% with the target exposure set at between 90% - 95% for the next year. Current liquidity will be invested in the new SA Retail Fund to be launched in November.
Marriott Property Income Fund closing - Official Announcement04 Oct 2001
The Marriott Property Income Fund is closing to new business on 8 October 2001. The fund re-opened on 12 September 2001 but has now taken in sufficient cash (R100m) to participate in the new listings.
Income appeal of the Marriott Property Income fund - Media Comment27 Sep 2001
Property unit trusts have been among the top performers over the past three years and although they are now offering fair value as opposed to the exceptional value of 1998 the fund's current income yield of approximately 11.5% is attractive.
Marriott Property Income Fund re-opened - Official Announcement12 Sep 2001
Marriott Unit Trusts have announced that the Property Income fund that was closed at the end of June 2001 has been re-opened for new investments. The fund opened today, 12 September 2001, for a further R100m tranche.
Marriott Property Income Fund Capped - Official Announcement21 Jun 2001
The Marriott Property Income Fund will be closing to new business on the 22nd June 2001. The fund opened early in May for a R100m tranche so that it could participate in the new listings coming into the sector during the forthcoming months. The fund has now taken in sufficient cash (R100m) to participate in the listings. The fund may reopen later this year on the back of potential new listings.
The Marriott Property Equity fund remains closed at this time as it has sufficient cash to participate in the listings.
Marriott Property Income Fund Reopens - Official Announcement09 May 2001
The Marriott Property Income fund is re-opening for new investments. The anticipated new listings in the property market are now materialising. We are therefore able to open the fund for a R100m tranche to participate in the listings (about R2.5bn worth) and the rental income streams that they generate. The fund will remain fully invested in listed property as per the fund mandate. The fund is open to all investors including those investing via linked products. The fund is also able to accept new debit order clients. The Marriott Property Equity fund will however not be open due to the fact that it has sufficient cash to participate in the new listings.