Dividends and Distributions

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 1 July 2020 0.06420 0.06099
Total     0.66474 0.06283

 

Annual Cash Distribution Policy of the Fund

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.