Grand City Properties S.A.,: Announces dividend policy and considers issuance of additional bonds
Pressemitteilung der Grand City Properties S.A.:
Grand City Properties S.A. (the „Company“) announces today that the Board of Directors resolved a dividend policy according to which 30% of the Company’s funds from operations („FFO I“) shall be distributed as dividends to the shareholders.
Furthermore, the Board of Directors is considering, subject to market conditions, issuing additional fixed-rate long term bonds and/or hybrid bonds, (the „Bonds“) with the purpose of using any proceeds to fund the Company’s growth strategy.
Grand City Properties S.A.