fortress income fund ltd-a (FFA) Snapshot

Fortress Income Fund Limited reported unaudited consolidated earnings results for the six months ended December 31, 2012. For the period, the company reported net rental and related revenue of ZAR 246,542,000 against ZAR 379,719,000 a year ago. Profit before income tax expense was ZAR 303,488,000 against ZAR 659,914,000 a year ago. Profit for the period attributable to equity holders was ZAR 203,880,000 or ZAR 34.03 per basic A and B shares against ZAR 587,211,000 or ZAR 101.44 per basic A and B shares a year ago. Cash outflow from operating activities was ZAR 7,660,000 against cash inflow from operating activities of ZAR 36,176,000 a year ago. Basic earnings per A linked unit was 90.04 cents against 208.12 cents a year ago. Basic earnings per B linked unit was 47.49 cents against 120.71 cents a year ago. The company has approved and notice is hereby given of cash interim interest distributions (distributions no 7) of 56.01 cents per A linked unit and 13.46 cents per B linked unit for the six months ended December 31, 2012. The interest distributions are not subject to dividend withholding tax. The last date to trade linked units cum distribution will be March 1, 2013 and trading will commence ex distribution on March 4, 2013. The record date to participate in the distribution will be March 8, 2013.

Fortress Income Fund Limited provided earnings guidance for the six months ended December 31, 2012. For the period, the company expected the distribution per “B” linked unit for the six months ended 31 December 2012 will be between 42% and 46% higher than for the six months ended 31 December 2011.

Fortress Income Fund Limited announced that they will report first half, 2013 results on Feb 13, 2013