City Development REIT (

) will distribute 1.994 leva (1.01 euros) gross dividend per share, it was decided at a general shareholders' meeting of the company yesterday.

The REIT booked 487,000 leva (249,000 euros) profit for 2007. A total of 90 % of the figure (438,300 leva) will be distributed as dividend. The remaining 48,700 leva (24,900 euros) will be allocated to the Reserves fund.

The final date for acquiring City Development stock, which will grant shareholders dividend rights, is set for June 16, 2008.

The issued capital of the company amounts to 2.198 mln leva (1.12 mln euros) , allocated in 219,000 shares with 10 leva (5.11 euros) par value each.

The bids and asks for the stock stand at 12.00 leva and 13.50 leva, respectively.