Super Borovetz Property Fund Pays 12.28 Leva Gross Dividend Per Share

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Super Borovetz Property Fund REIT-Varna is appointing a general meeting of shareholders August 8, which is to vote a proposal for gross dividend distribution in the amount of 12.238 leva per share, BSE reports.

The total amount to be paid out as dividend is 7 983 924.47 leva (4 082 115.76 euros), or 90% of the company's 2006 profit.

Super Borovetz Property Fund sold its land property in the town of Samokov, situated on an area of 56.100 sq.m, together with the buildings on it worth 5.049 mln euros. The property was bought in the middle of 2006 at 550000 leva, which formed the company's profit.

In case no quorum is present, the meeting shall be rescheduled for 23 August 2007, at 10.00h, same place, same agenda.

The final date for transacting the shares of the company as a result of which the holder will be entitled to vote at the forthcoming general meeting of shareholders is 23 July 2007.

The last transaction involving the company's stock on the BSE was made on 23 January, at 15 leva/share.

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