News » March, 2011 » 29 March 2011
SIF investors are increasingly emphatic about wanting their money
29.03.2011, 23:50 | Capital Markets | 1091 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
|
Latest news in category Capital Markets
Romania must develop stronger and more liquid financial markets to support economic growth, World Bank experts said told a conference on capital markets, which was held in Bucharest. read more...
Retail investors submitted orders in value of 4.152 billion lei ( over 937 million euros) following Romgaz public offer, on this side the offer being oversubscribed by nearly 15 times over, representatives of some brokerage houses told. read more...
According to some market sources, businessman Alin Tatu yesterday sold his 5% stake in SIF1 Banat Crişana, in a trade on the "Deal" tier of the market, following a spectacular hike on the quotations of the market. read more...
|
|
