News » March, 2011 » 29 March 2011
SIF investors are increasingly emphatic about wanting their money
29.03.2011, 23:50 | Capital Markets | 1057 views
Investment funds, which hold shares in the five SIFs (Financial Investment Companies) have become increasingly persistent in defending their rights, pressuring management of the SIFs to raise dividends, after waiting for years for stake caps to be raised. At stake are tens of millions of euros. Recently, the management teams of the five SIFs have received a surprise request from the biggest institutional shareholders: to raise dividends distributed from the profit made in 2010 by up to over 70%, with two SIFs, SIF Banat-Crişana (SIF1) and SIF Muntenia (SIF4) introducing the proposals on the agenda, while SIF Transilvania (SIF3) refused to do so, citing non-compliance with legal conditions. Read more on ZF.ro
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