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Blackstone Forgoes Fidere’s Dividend to Offset Loans

One of the rental home Socimi's shareholder funds has requested the payment in kind of the dividend for financial year 2019, through the offset of loans.

Viviendas fidere colmenar viejo
Fidere’s homes in Madrid.

The Socimi Fidere, controlled by the US fund Blackstone, has held a general meeting where it has approved the distribution of almost five million euros to its shareholders by way of a dividend.

The company had proposed to its shareholders the distribution of almost 4.9 million euros to its owners and the allocation of 545,580 euros to reserves, a request that was approved by the Board. Payment of the dividend will be made on 7 July, with the distribution of 0.488739896 euros per share.

Read the full article in Spanish.

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