Baltic, Financial Services, Funds, Markets and Companies, Real Estate
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Thursday, 28.03.2024, 17:27
Eften Real Estate Fund III to pay EUR 1.5 mln in dividends
The company's supervisory board changed the profit
distribution proposal made in the annual report and proposed paying 0.63 euros
per share or a total of 1.5 mln euros, it can be seen from the agenda of the
general meeting of shareholders.
The fund's undistributed profit stood at 5.4 mln euros at
the end of last year, and after the dividend and capital reserve allocations it
is to total 3.6 mln euros.
The fund's general meeting of shareholders is to take place
on Mar. 30 and the dividend is to be paid on Mar. 31.
In the first half of 2016 the fund held its second public
offering worth 11 mln euros. In 2017 the fund is planning to hold the next
public offering.
Eften Real Estate Fund III has a term of 10 years, divided
into three years of investment and seven years for holding and exit. The fund
will potentially be listed on the Baltic stock market after the investment
period.