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