SCP Half Year December 2020 Distribution

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    SCA Property Group (ASX: SCP) (“SCP”) announces the distribution payable for the period
    from 1 July 2020 to 31 December 2020 to be 5.7 cents per SCP Stapled Unit. This is 24.0%
    lower than the prior corresponding period but 14.0% higher than June 2020.
    Details for the distribution are as follows:
    Ex-distribution date 30 December 2020
    Record date 5.00pm, 31 December 2020
    Intended payment date 29 January 2021
    Distribution per Stapled Unit 5.7 cents
    This distribution will apply to all stapled units on issue as at the Record Date.
    A payment advice will be sent to unitholders on or about 29 January 2021.
    Further details regarding the tax components of this distribution will also be provided on or by
    29 January 2021.
    Distribution Reinvestment Plan (DRP)
    The DRP will be in operation for this distribution. Unitholders can elect to participate in the
    Plan by visiting either www.linkmarketservices.com.au or by calling the SCP Information Line
    on 1300 318 976 and completing the DRP Election Form. You can start, cancel or vary your
    participation in the DRP at any time by giving notice by 5.00pm on the business day following
    the record date for the relevant distribution period which, for this coming distribution, is
    5.00pm on 4 January 2021.
    SCP intends to issue units to participants rather than transfer units to them. In accordance
    with the DRP Rules, the issue price will be the price, rounded to the nearest whole cent,
    calculated as the arithmetic average of the daily volume weighted average price of all sales of
    Stapled Units sold through a Normal Trade recorded on ASX for the first 10 ASX Trading
    Days following 4 January 2020, less 1.0% (1.0% being the Board approved DRP discount for
    this distribution)1.
    1 Unless the Board believes this calculation does not provide a fair reflection of the market price of the Stapled Units
    during this period, in which event this calculation shall be substituted by the market price of the Stapled Unit as
    determined by an independent expert whose identity and instructions will be determined by the Board.
    10 December 2020
    ASX Announcement
    Page 2 of 2
    Units allotted under the DRP will be issued on the distribution payment date and will rank
    equally with existing ordinary units from the date of issue. The intended distribution payment
    date is 29 January 2021. Units issued will be rounded down to the nearest whole number of
    unit(s) with the residual amount carried forward to the next distribution. Participation in the
    DRP is optional. If you do not wish to participate no action on your part is required.
    SCP Half Year Results Announcement Date
    SCP estimates it will release its Half Year 2020 Results on 9 February 2021. This estimated
    date may change.
    This document has been authorised to be release to the ASX by the Board of SCP.

    courtesy of Bell Direct
    ==============================================================================

    DYOR

    i hold SCP ( 'free-carried' " ) and participate in the DRP

  2. 361
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  3. 73.2k
    Posts

    SCP Half Year December 2020 Distribution – Distribution Reinvestment Plan

    SCA Property Group (ASX: SCP) (“SCP”) announced on 10 December 2020, that it would
    pay a distribution of 5.7 cents per unit in respect of the period from 1 July 2020 to 31
    December 2020. As there are 1,076.6 million SCP units on issue, this equates to a total
    distribution amount of $61.4 million. The intended distribution payment date is 29 January
    2021.
    The Distribution Reinvestment Plan (“DRP”) is in operation for this distribution, and SCP
    unitholders holding 13.5% of the units on issue have elected to participate in the DRP, such
    that $8.3m of new units will be issued to these unitholders at the DRP issue price(1) on the
    distribution payment date.
    Note (1): The DRP issue price will be the price, rounded to the nearest whole cent, calculated as the arithmetic
    average of the daily volume weighted average price of all sales of Stapled Units sold through a Normal Trade
    recorded on ASX for the first 10 ASX Trading Days following 4 January 2021, less 1.0% (1.0% being the Board
    approved DRP discount for this distribution).
    This document has been authorised to be release to the ASX by the Board of SCP.

    courtesy of Bell Direct
    ==============================================================================

    DYOR

    i hold SCP ( 'free-carried' " ) and participate in the DRP

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