Colonial dispenses €101M to pay dividends

Colonial dispenses €101M to pay dividends

Of that amount, around 79 million euro comes from last year’s revenues – which reached 87.87 million euro – and the remaining 22.5 million euro correspond to the share premium payments, as mentioned by the company in the release it sent the Comisión Nacional del Mercado de Valores.

This will be one of the subjects under discussion during the next shareholders meeting scheduled for the 30th of June, which confirms the REIT’s financial good health. According to its latest data, Colonial had a portfolio estimated at 12.200 million euro at the end of last year and a Loan-to-Value of 36%. It also had a 2.100 million euro liquidity in available credit lines and cash. Out of that amount, 200 million euro concern the recently approved sustainable loan.

Another subject which will be on the table during the shareholders meeting will be the nominations of Ana Bolado as President of the Nominations and Retributions Committee and Ana Peralta as President of the Audit and Control Committee, replacing Carlos Fernández-Lerga and Javier Iglesias de Ussel. The REIT’s former directors renounced their posts this week, according to the note issued by the company.

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