REATs declares US$225 418 quarterly dividend

Sikhulekelani Moyo, [email protected]

LISTED property company, Tigere Real Estate Investment Trust (REAT), has issued a quarterly dividend of US$225 418 for the period ended 31 March 2022.

REITs are investment securities that enable the issuer to pool investors’ funds for the purpose of investing in real estate. In exchange, the investors receive units in the trust and as beneficiaries of the trust share profits from the real estate assets.

In a statement, Tigere said the dividend will be payable on or about the 4th of June 2024 to all unitholders of the REIT registered at the close of business on 31st of May 2024

“Notice is hereby given that the REIT has declared its quarterly dividend of US$225 418 being US$0,0313 cents per unit per unity in respect of the quarter ended 31st of March 2024.

“The units will be traded cum dividend on the Zimbabwe Stock Exchange up to the 28th of May 2024 and ex dividend as from the 29th of May 2024,” reads the statement.

“The applicable unitholders’ tax will be deducted from the gross dividends.”

-@SikhulekelaniM1

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