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Nature of Business
Sycom Property Fund ("The Fund" or "Sycom") is a closedend Collective Investment Scheme in Property (‘CISP’) that was established in 1986.
Sycom is registered as a Real Estate Investment Trust (‘REIT’) with the JSE. Its REIT status came into effect in the 2013/2014 financial year, with the result that the nature of distributions changed to taxable dividends in respect of all net income earned from 1 April 2013. In terms of the REIT legislation, the net income of the Fund is subject to taxation, however a deduction may be claimed for all qualifying distributions to unitholders. Sycom’s REIT status does not affect the treatment of distributions and unitholders will continue to pay tax on the distribution received according to their individual tax status.
Sycom invests directly in investment property, although CISCA does permit indirect investment through the ownership of interests in other property-owning businesses, including securities in listed property funds.
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| Telephone |
021-702-2745 |
| Fax |
021-702-2738 |
| Postal Address |
PO Box 31079, Tokai, 7966 |
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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