News: APD APN Property Group Posts FUM At End Of April $2,561 Mln Vs $3,067 Mln At Dec 31, 2019

May 15 (Reuters) - APN Property Group Ltd (APD) :

• FUM AT END OF APRIL STOOD AT $2,561 MILLION VERSUS$3,067 MILLION AT DEC 31, 2019
• IMPLEMENTED A RANGE OF EXPENSE REDUCTION MEASURES
• REDUCED ON ANNUALISED BASIS ABOUT 30% OF FY2019 OPERATING COSTS OF $14 MILLION
• EXPECTS TO PAY A FINAL DISTRIBUTION FOR FY20 OF ABOUT 1.55 CENTS PER STAPLED SECURITY