Sept 14 (Reuters) - Aspen Group Ltd APZ.AX :
* Merger of Aspen Group and Aspen parks property fund APZ.AX
* The combined portfolio of 25 properties, comprising over 5,000 sites, valued at $241 million
* Merger will have a significant immediate positive impact on distributions
* co and Aspen parks property fund announce that they have entered into an agreement to merge the two groups
* Merged group forecast to have an FY 2016 pro forma distribution (on a full year basis) of 12.0 cents per security
* Deal represents accretion of 28% over current FY 2016 distribution guidance to Aspen Group securityholders
* Directors of Aspen Group and appf consider the merger is a compelling proposition for both sets of securityholders
* Says Aspen Group securityholders will receive 1 merged group security for each Aspen Group security
* Directors of Aspen Group unanimously recommend the merger and intend to vote their securities in favour of the merger
* Says appf consideration represents a value of $0.50 per appf security
* Says merged group distribution for the second half of FY 2016 is forecast to be 6.0 cents per security
* Source text for Eikon ID:nASXbQzTqs
*