The amount will be paid 25% in cash and 75% in shares
Luis Emilio Velutini, Chairman of the Board of Directors of Fondo de Valores Inmobiliarios (FVI), informed that at the Ordinary Meeting of Shareholders held on July 4, 2013, a dividend of the company equivalent to 100% of the consolidated net distributable profit was approved for BS 48,377,486.00 corresponding to the fiscal year ended on 09/30/2012. The amount will be paid 25% in cash and 75% in shares.
At the Extraordinary Meeting held on that day, they also agreed the share dividend approved at the Ordinary Meeting of Shareholders held on May 7, 2010, equivalent to 1 share for each 3.36 shares held.
The profitability of Fondo de Valores Inmobiliarios has been increasing due to actions of strategic expansion and its commitment to the national market and the Caribbean region. The recent acquisition of Llano Mall in Acarigua, in the State of Portuguesa, adds an additional 35,000 m2 to the 150,000 m2 of high-end shopping centers already managed by FVI. It is hoped that Llano Mall become an important source of employment and investment in such state.
FVI is also committed to internationalization with the opening in late 2013 of the office tower of Blue Mall Santo Domingo, Dominican Republic's most important shopping, hotel and office center, in which JW Marriott will also operate from 2014. Furthermore, the Blue Mall Punta Cana and other real estate projects are contemplated in the strategic plan of growth for the next 5 years.
Fondo de Valores Inmobiliarios is a company that has generated trust and credibility among its investors, clients and allies for more than 20 years. In addition to the high-end shopping centers, FVI manages 190,000 m2 of AAA offices and 6,500 parking spaces that take in more than 3 million vehicles per year.
Its commitment to the Venezuelan market is constant; among its most upcoming projects, there is the opening of the second phase of the shopping center Tolon Fashion Mall in Caracas for the first quarter of 2014.
For more information on Fondo de Valores Inmobiliarios do not forget to visit its new website www.fvi.com.ve, as well as the websites of Tolon Fashion Mall: www.cctolon.com , Centro San Ignacio: www.centrosanignacio.com, Paseo El Hatillo La Lagunita: www.paseoelhatillo.com, Llano Mall Ciudad Comercial www.llanomall.com and Blue Mall Santo Domingo: www.bluemall.com.do