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Karachi, Dolmen City Real Estate Investment Trust (REIT) has successfully disbursed the final cash dividend of Re. 0.50 per unit, equivalent to 5.0% on an annual basis (20.0% annualized), for the fiscal year that ended on June 30, 2023. This dividend distribution reflects the commitment of Dolmen City REIT to providing value to its unit-holders.
The dividends, totaling Re. 0.50 per unit, were electronically credited into the bank accounts designated by the unit-holders on August 11, 2023. This distribution marks the culmination of the REIT’s financial performance for the specified fiscal year.
However, Dolmen City REIT notes that dividend payments to unit-holders who have not furnished valid International Bank Account Numbers (IBAN) or Computerized National Identity Cards (CNICs) have been temporarily withheld. This action is in accordance with Regulation 6 of the Companies (Distribution of Dividends) Regulations, 2017. The REIT’s commitment to compliance and regulatory standards is evident in its adherence to these directives.
The withheld dividends are subject to further action as prescribed by the applicable laws, regulations, and directives of the Securities and Exchange Commission of Pakistan (SECP). Dolmen City REIT emphasizes its dedication to maintaining transparency and ensuring proper handling of the withheld dividends as it navigates the regulatory landscape.
Unit-holders and stakeholders are advised to stay attuned to official communications from Dolmen City REIT regarding the status of the withheld dividends and any developments related to the distribution process. The REIT’s unwavering focus on investor satisfaction and financial stewardship continues to position it as a reputable investment choice in the real estate sector.
For additional details on the dividend distribution and its implications for unit-holders, it is recommended to refer to Dolmen City REIT’s official announcements and regulatory filings. The REIT’s commitment to transparency and accountability ensures that unit-holders are kept informed about key developments that impact their investments.
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