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Distributions since the start of Franklin Templeton Mandates'
| distribution type |
Financial year |
Paid in |
Gross Distribution/share (RON) |
Net Distribution/Share (RON)* |
|---|---|---|---|---|
| Dividend | 2008-2009 (aggregate) | 2010 | 0.08160 | 0.06854 |
| Dividend | 2010 | 2011 | 0.03141 | 0.02638 |
| Dividend | 2011 | 2012 | 0.03854 | 0.03237 |
| Dividend | 2012 | 2013 | 0.04089 | 0.03435 |
| Return of Capital | - | 2014 | 0.05000 | 0.05000 |
| Return of Capital | - | 2015 | 0.05000 | 0.05000 |
| Return of Capital | - | 2016 | 0.05000 | 0.05000 |
| Special Distribution | - | 2017 | 0.05000 | 0.05000 |
| Return of Capital | - | 2017 | 0.05000 | 0.05000 |
| Dividend | 2017 | 2018 | 0.06780 | 0.06441 |
| Dividend | 2018 | 2019 | 0.09030 | 0.08579 |
| Dividend | 2019 | 2020 | 0.06420 | 0.06099 |
| Special Dividend | - | starting 22 June 2021 | 0.07200 | 0.06840 |
| Special Dividend | - | starting 27 August 2021 | 0.07000 | 0.06650 |
| Special Dividend | - | starting 18 February 2022 | 0.06000 | 0.05700 |
| Dividend | 2021 | starting 27 June 2022 | 0.12500 | 0.11875 |
| Dividend | 2022 | starting 6 June 2023 | 0.05000 | 0.04600 |
| Special Dividend | - | starting 29 September 2023 | 1.72250 | 1.58470 |
| Special Dividend | - | starting 7 June 2024 |
0.06000 |
0.05520 |
| Total |
2.82424 |
2.61938 |
The gross cash distribtions are calculated according to the Fund’s Annual Cash Distribution Policy that you can find here.
According to the Policy currently in place, the Fund Manager intends to recommend to shareholders for their approval a cash distribution of at least RON 0.05 per share in cash, on an annual basis, subject to applicable law and necessary approvals, to any restrictions under Romanian legal or tax regulations and subject to available financing sources.
In case of dividend distributions the distributable amount proposed for shareholders’ approval is generally calculated as (1) the Fund’s annual dividend income from portfolio companies, except special cash distributions, (2) plus interest on cash balances, (3) less operating and financing expenses and taxation and (4) less compulsory allocations to reserves according to the regulations in force.
In case of a return of capital, the distributable amount is generally based on the Sole Director’s best estimate according to the latest available financial statements at the time of proposing the respective distribution for the shareholders’ approval, subject to the restrictions under Romanian legal or tax regulations and to available funding.
