Shareholders approved a dividend of six Euro cents per share for the abbreviated 2016 financial year today, Thursday, at the 24th annual general meeting of IMMOFINANZ AG. The distribution will total approx. EUR 63.2 million. The ex-dividend date is 2 June 2017, and payment will be made on 7 June 2017.
The dividend is classified as a repayment of capital under Austrian tax law and is therefore not subject to withholding tax for natural persons who are resident in Austria and who hold IMMOFINANZ shares as part of their private assets.*
The shareholders also approved all other points on the agenda for the annual general meeting, including the conclusion of a settlement with former Executive Board member Karl Petrikovics.
*) subject to certain assumptions, e.g. when the capital repayment exceeds the purchase cost of the shares for tax purposes