English Lithuanian
Published: 2022-04-12 08:33:35 CEST
INVL Baltic Real Estate
Notification on material event

Shareholders of INVL Baltic Real Estate approved dividends allocation for the year 2021

The General Shareholders meeting of INVL Baltic Real Estate (hereinafter – “the Company”) held on 12 April 2022 decided to approve the proposed dividend allocation of EUR 0.12 per share for the year 2021 (the total amount of dividends allocation amounts to EUR 967,369.68).

The Company notes that dividends will be paid out and dividend payment procedure for 2021 published within one month of the General Shareholders Meeting that approved the decision to allocate the dividends. Persons, who will be shareholders of the Company at the end of 27 April 2022, the tenth day after the General Shareholders Meeting to approve the resolution to allocate part of Company’s profit for the payment of dividends, are entitled to receive dividends.

The ex-date is 26 April 2022. From that date the new owner of the shares of INVL Baltic Real Estate, ISIN code LT0000127151, which were acquired on stock exchange with settlement cycle of T+2, is not entitled to dividends for the year 2021.

Furthermore, the General Meeting of Shareholders of the Company approved the main terms and conditions under which the repurchase of the Company's own shares will be carried out.

Additional information:

The real estate investment company INVL Baltic Real Estate will pay EUR 1 million of dividends to shareholders for 2021, or EUR 0.12 per share. This and other decisions were adopted at the general meeting of shareholders of the company held today.

“The company’s successful operations demonstrate our ability to generate significant growth of asset value and allow us to pay investors a dividend higher than the EUR 0.09 per share envisaged in the company’s dividend policy,” said Vytautas Bakšinskas, a member of the INVL Baltic Real Estate Investment Committee.

The dividends will be paid out within a month of the decision. Those persons will be eligible to receive them who are shareholders of INVL Baltic Real Estate at the end of business on 27 April 2022. Based on the 11 April 2022 share price, the dividend yield is above 5%.

INVL Baltic Real Estate owns real estate in Vilnius and Riga: office buildings in the Old Town of the Lithuanian capital on Vilniaus Street and in Šiaurės Miestelis, and the Dommo Business Park manufacturing, warehouse and office complex beside the Riga bypass. At year-end the company’s properties had occupancies of 98% to 100%.

INVL Baltic Real Estate’s current property holdings have a total area of 28,000 sq. m. and a value of EUR 29.6 million.

Since its launch as a collective investment undertaking (on 22 December 2016), INVL Baltic Real Estate has been one of the Baltic real estate funds open to retail investors with the highest stable returns. The fund operates as a closed-end investment company. Management of the company was assumed by INVL Asset Management, one of Lithuania’s leading asset management firms. The company will operate as a closed-end investment company until 2046, with extension possible for a further 20 years.

The person authorized to provide additional information:
Real Estate Fund Manager of Management Company
Vytautas Bakšinskas
E-mail vytautas.baksinskas@invl.com