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BRIEF-Tower Property Fund sees FY core earnings growth of 8 pct-10 pct

Jan 11 (Reuters) – Tower Property Fund Ltd :



* Revised Distribution Guidance For The Year Ending 31 May
2017, Trading Update And Trading Statement



* Total distribution of 92 cents per share for year ended
May 31, 2016



* Guidance of 6 pct distribution growth for year ending May
2017



* Core earnings are expected to grow between 8 pct and 10
pct for year ending May 31, 2017 from core earnings of circa 75
cps for year ended May 31, 2016



* Revised its guidance for year ending May 31, 2017 to a
distribution of 80 cps to 82 cps which comprises core earnings
only



* On a rolled, 12-month forward basis, Tower anticipates a
distribution of 84 cps to 86 cps

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