News Detail - DIC Assets

DIC Asset AG is planning an extraordinary dividend for 2017

DGAP-News: DIC Asset AG / Key word(s): Dividend

09.10.2017 / 08:18
The issuer is solely responsible for the content of this announcement.


Press Release

DIC Asset AG is planning an extraordinary dividend for 2017

Frankfurt/Main, October 09, 2017. With the completion of the takeover of WCM Beteiligungs- und Grundbesitz-AG ("WCM") by TLG Immobilien AG ("TLG"), DIC Asset AG achieves an one-time extraordinary income of around 19 million euros due to the exchange of the WCM-shares into TLG-shares. The Management Board of DIC Asset AG plans to enable the shareholders of DIC Asset AG to participate in this income and intends to propose the distribution of a one-time extraordinary dividend of at least 20 cents per share.

DIC Asset AG has supported the Public Takeover Offer by TLG for all shares of WCM announced in June 2017 and will hold a stake in the dividend strong commercial real estate AG with completion of the transaction.

After the adoption of the annual financial statements for 2017 the distribution of the one-time extraordinary dividend shall be proposed to the next ordinary Annual General Meeting of DIC Asset AG for the decision on the appropriation of profit and subject to the corresponding resolution by the Annual General Meeting be distributed in addition to the targeted dividend for 2017 from operating activities.

You can find further information on DIC Asset AG at www.dic-asset.de.

 

Press Contact Investor Relations
 
DIC Asset AG DIC Asset AG
Andre Zahlten Nina Wittkopf
Head of Corporate Communications Head of Investor Relations
Neue Mainzer Straße 20 MainTor Neue Mainzer Straße 20 MainTor
60311 Frankfurt am Main 60311 Frankfurt am Main
Fon +49 69 9454858-1435 Fon +49 69 9454858-1462
Fax +49 69 9454858-9199 Fax +49 69 9454858-9399
pr@dic-asset.de N.Wittkopf@dic-asset.de
 
 

About DIC Asset AG:

DIC is one of Germany's leading listed property companies, and specializes in commercial real estate. With around 20 years of experience on the German real estate market, the company maintains a regional footprint on all major German markets through six branch offices, and has c. 180 assets with a combined market value of c. EUR 3.4 billion under management. DIC uses a hybrid business model to manage its business divisions Commercial Portfolio, Funds and Other Investments. Taking an active asset management approach, DIC employs its proprietary, integrated real estate management platform to raise capital appreciation potential in its business divisions and to boost its revenues.

In its Commercial Portfolio division (EUR 1.7 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimization of its own real estate portfolio. The Funds division (EUR 1.3 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 0.4 billion in assets under management) are joint venture investments, equity investments in property developments, strategic financial investments, and the management of properties in which the company holds no equity stakes.

DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company's shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies.



09.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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