Moratorium::Distribution Halt

Issuer & Securities

Issuer/ Manager
AIMS PROPERTY SECURITIES FUND
Securities
AIMS PROPERTY SECURITIES FUND - AU000000APW5 - BVP
Stapled Security
No

Announcement Details

Announcement Title
Moratorium
Date &Time of Broadcast
26-May-2020 09:54:37
Status
New
Announcement Sub Title
Distribution Halt
Announcement Reference
SG200526OTHRM3NM
Submitted By (Co./ Ind. Name)
Kiefer WANG
Designation
Operations
Effective Date and Time of the event
26/05/2020 12:00:00
Description (Please provide a detailed description of the event in the box below-Refer to the Online help for the format)
AIMS Fund Management Limited, the Responsible Entity of the AIMS Property Securities Fund (the Fund ) is providing the market with the following update.

The current market conditions are uncertain, as a result of the COVID-19 pandemic. In the best interests of the Fund s Unitholders, the prudent course of action is to cease distributions from the June quarter onwards. This will strengthen the Fund s financial position, in the event of unforeseen future capital requirements.

This position will be regularly reviewed and distributions will be reinstated, once the market presents clear signs of recovery and stability.

Attachments

AIMS Property Securities Fund - Announcement - Distributions Halt.pdf
Total size =112K