Moneyweb: Attacq goes the REIT way

Attacq plans to convert into a real estate investment trust (Reit) after operating for three-and-a-half years as a capital growth company and not declaring dividends to shareholders. Attacq, which is responsible for the Waterfall City development located between Midrand and Pretoria, annouced that it would convert into a Reit by July 2018. The conversion paves the way for the company to start distributing regular dividends to shareholders. Reits are compelled to distribute more than 65% of their rental income as dividends to shareholders.

View Article