May 5 (SeeNews) - Bulgarian Real Estate Fund (BREF) [BUL:BREF] said on Friday that it will propose to its shareholders to approve the distribution of a gross dividend of some 0.113 levs ($0.064/0.058 euro) per share for 2022.
The company plans to pay out as dividend 90% of its adjusted net profit for 2022, or 3.91 million levs in total, it said in a stock exchange filing.
The proposal will be voted upon at a general meeting of shareholders on June 7.
The fund distributed a total dividend of 1.67 million levs for 2021, or a little over 0.048 levs per share, according to previously disclosed information.
Shares in BREF last traded on Thursday when they closed at 2.18 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)