shaai schreef op 19 oktober 2017 09:25:
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wel een gewone:
In conjunction with the doBank IPO, Eurocastle sold 48.8% of its stake in doBank, receiving approximately €146
million of net proceeds. Of these proceeds, €62 million represented normalised funds from operations
(“NFFO”) which, in line with the Company’s distribution policy, will be considered (along with corporate
expenses and other NFFO realised in cash in the period) when determining the third quarter dividend1
1
Please refer to Company Update below for discussion of the dividend.
The remaining €84 million represented a capital return on the original investment. In light of this exceptional event,
the Company’s Board has decided to return these proceeds to investors by way of a Tender Offer.
In line with its distribution policy, when announcing its third quarter results on 21 November 2017 the
Company expects to declare a third quarter dividend.