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-2018 18:23:11
Status
New
Corporate Action Reference
SG180511DVCABSLU
Submitted By (Co./ Ind. Name)
Enid Ling Peek Fong
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
28
Declared Dividend/ Distribution Rate (Per Share/ Unit)
SGD 0.0194
Dividend/ Distribution Period
31/12/2017 TO 30/06/2018
Number of Days
182

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 2018. 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 2018 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 $0.0194 per Preference Share for the dividend period from 31 December 2017 to 30 June 2018 (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
06/06/2018 17:00:00
Ex Date
04/06/2018

Dividend Details

Payment Type
Tax Exempted (1-tier)
Gross Rate (Per Share)
SGD 0.0194
Net Rate (Per Share)
SGD 0.0194
Pay Date
02/07/2018
Gross Rate Status
Actual Rate

Applicable for REITs/ Business Trusts/ Stapled Securities