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Filinvest REIT Corp. Annual Meeting on April 20.
Filinvest REIT Corp. Annual Meeting on April 20
Filinvest REIT Corp. (FILRT) is set to hold its annual meeting on April 20, 2021. The meeting will be held virtually, in compliance with the guidelines set by the Securities and Exchange Commission (SEC) due to the ongoing COVID-19 pandemic.
Filinvest REIT Corp. is the first real estate investment trust (REIT) to be listed on the Philippine Stock Exchange (PSE). The company’s primary objective is to generate income from its real estate assets and distribute it to its shareholders in the form of dividends.
The annual meeting is an opportunity for shareholders to hear from the company’s management team and to vote on important matters such as the election of directors, the appointment of auditors, and the approval of the company’s financial statements.
One of the key items on the agenda for this year’s meeting is the approval of the company’s dividend policy. Filinvest REIT Corp. has already declared its first dividend of Php 0.35 per share, which was paid out on March 31, 2021. The company’s dividend policy outlines how it plans to distribute its earnings to shareholders in the future.
Another important item on the agenda is the approval of the company’s investment policy. Filinvest REIT Corp. is required by law to invest at least 75% of its assets in income-generating real estate properties. The company’s investment policy outlines how it plans to identify and acquire these properties, as well as how it plans to manage and maintain them.
Filinvest REIT Corp. has a diverse portfolio of real estate assets, including office buildings, shopping malls, and residential properties. The company’s properties are located in key cities across the Philippines, including Metro Manila, Cebu, and Davao.
The company’s management team will also provide an update on its financial performance for the previous year and its plans for the future. Filinvest REIT Corp. reported a net income of Php 1.2 billion for the year 2020, despite the challenges posed by the COVID-19 pandemic.
In conclusion, the annual meeting of Filinvest REIT Corp. on April 20, 2021, is an important event for shareholders and investors. It provides an opportunity to hear from the company’s management team and to vote on important matters that will impact the company’s future. With its strong portfolio of real estate assets and its commitment to generating income for its shareholders, Filinvest REIT Corp. is well-positioned for growth in the years ahead.