Shareholders of BREF approve DPS of BGN 0.08 (NEUTRAL)

11.08.2016 Source: BREF; FFBH

The shareholders of the Bulgarian Real Estate Fund REIT approved a gross DPS of BGN 0.0797769 at the GSM on 11.08.2016. The dividend yield is 4% at the last close price. The shareholders further approved the 3 fold reduction of the capital to BGN 20.15m. The reduction will increase the reserves by BGN 40.3m.