Corporate News

06/06/2017 | Corporate News

Fair Value REIT-AG: Annual General Meeting approves dividend for 2016 of €0.40 per share

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Graefelfing, 6 June 2017 – The shareholders of Fair Value REIT-AG (WKN A0MW97) passed a resolution at the Annual General Meeting on 2 June 2017 to distribute a dividend of €0.40 per participating share for the fiscal year 2016, thus approving the proposal of the Management Board and Supervisory Board. This is equivalent to a distribution totaling €5.6 million or 91% of the net income according to German GAAP for 2016 of €6.2 million which, according to the REIT law, is decisive for the dividend.

 

The dividend for 2016 will be paid out on 8 June 2017. This is significantly higher than the dividend of €0.25 per share distributed for the fiscal year 2015 and reflects the positive business performance of Fair Value REIT-AG in 2016.

 

The Annual General Meeting accepted all points on the agenda with a clear majority of votes cast. The voting results can be viewed on the homepage of Fair Value REIT-AG at www.fvreit.de.

 

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2017

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A REIT – Higher Return for Investors

REIT stands for Real Estate Investment Trust. The assets of these listed companies in Germany consist mainly of real estate and investments in other real estate companies.

 

At the international level, REITs have been established for many years. On 1 January 2007, they were introduced in Germany as well.

 

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