The shareholders of Intercapital Property Development REIT will put to vote at a general meeting, scheduled for June 27, a proposal for the distribution of 1.50 leva (0.76 leva) dividend per share.

The shareholders will also discuss the covering of the loss of subsidiaries Marina Cape Management and Marina Cape Tours, which amounts to 320,000 leva (163,613 euros) and 19,000 leva (9,700 euros), respectively.

Intercapital Property Development will cover the loss with part of its profit.

The REIT booked 2.112 mln leva (1.08 mln euros) profit in the first quarter of 2008, compared to 3,000 leva (1,530 euros) profit posted for the year-ago period.

No deals were sealed in Intercapital Property Development's stock on the Bulgarian Stock Exchange (BSE) today. The asks/bids stood at 9.20/10.50 leva per share.