Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Security
CITY DEVELOPMENTS LTD NCCPS - SG1P70918864 - C70

Announcement Details

Announcement Title
Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast
11-May-2017 17:57:28
Status
New
Corporate Action Reference
SG170511DVCA5EYD
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
26
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0193
Dividend/ Distribution Period
31/12/2016 TO 29/06/2017
Number of Days
181

Event Narrative

Narrative Type
Narrative Text
Narrative versionNOTICE IS HEREBY GIVEN that the Preference Share Transfer Books and Register of Preference Shareholders of the Company will be closed on 7 June 2017. Duly completed registrable transfers received by the Company's Registrar, M & C Services Private Limited of 112 Robinson Road #05-01, Singapore 068902, up to 5.00 p.m. on 6 June 2017 will be registered to determine Preference Shareholders' entitlement to the tax-exempt (one-tier) preference dividend (the "Preference Dividend") of 3.9% per annum of the issue price of $1.00 for each Preference Share representing $0.0193 per Preference Share for the dividend period from 31 December 2016 to 29 June 2017 (both dates inclusive). In respect of Preference Shares in securities accounts with The Central Depository (Pte) Limited ("CDP"), the Preference Dividend will be paid by the Company to CDP who will distribute the Preference Dividend to the holders of the securities accounts.

Event Dates

Record Date and Time
06/06/2017 17:00:00
Ex Date
02/06/2017

Dividend Details

Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
SGD 0.0193
Net Rate (Per Share)
SGD 0.0193
Pay Date
30/06/2017
Gross Rate Status
Actual Rate

Applicable for REITs/ Business Trusts/ Stapled Securities