Castleview Property Fund Limited Announces Dividend Reinvestment Price and Confirmation of Finalisation Information

Strategic Insights -

Castleview Property Fund Limited has announced a dividend reinvestment price of 953.94000 cents per share for shareholders electing the dividend reinvestment alternative. The reinvestment price is equal to the net asset value per Castleview share as at 31 March 2025. Shareholders are advised that the finalisation date is Monday, 7 July 2025, and the record date is Friday, 18 July 2025.

Key Takeaways:

  • The dividend reinvestment price is 953.94000 cents per share, equal to the net asset value per Castleview share as at 31 March 2025.
  • The finalisation date is Monday, 7 July 2025, and the record date is Friday, 18 July 2025.
  • The ratio for the dividend reinvestment alternative is 3.09034 shares for every 100 shares held on the record date by South African resident shareholders exempt from dividend tax and 2.47227 shares for every 100 shares held on the record date by non-resident shareholders subject to dividend tax at 20%.
  • Shareholders are encouraged to consult their professional advisors regarding the tax implications of the dividend.
  • The cash dividend or dividend reinvestment alternative may have tax implications for resident and non-resident shareholders.
  • The application of the rounding principle and the impact of dividend tax on shareholders are illustrated by a shareholding example.

Statistics:

  • Dividend reinvestment price: 953.94000 cents per share
  • Net asset value per Castleview share as at 31 March 2025: R9.53540 per share
  • Finalisation date: Monday, 7 July 2025
  • Record date: Friday, 18 July 2025
  • Ratio for dividend reinvestment alternative: 3.09034 : 100 shares for South African resident shareholders and 2.47227 : 100 shares for non-resident shareholders
  • Dividend tax implications: South African resident shareholders are exempt from dividend tax, while non-resident shareholders are subject to a 20% tax rate
  • Last day to trade: Tuesday, 15 July 2025
  • Shares will trade ex-dividend from Wednesday, 16 July 2025

Sources:

  • Castleview Property Fund Limited company announcement (Johannesburg Stock Exchange, 8 July 2025)
  • Declaration announcement (SENS, 27 June 2025)
  • Circular to Castleview shareholders (distribution on 27 June 2025)
  • JSE rules (as applicable)