CAC 2000 Limited (CAC) – Dividend Declaration for 9.50% Preference Share

Date: July 16, 2018

CAC 2000 Limited (CAC) has advised that following the first payment dividend payments will be made on the 15th day of the month immediately following, or if such day falls on a day other than a business day then payment will be made on the next business day, to the Preference Shareholders on record as at the 16th day of the prior month, of the JMD 9.50% Preference Share variable rate per annum for the first four years and thereafter a variable rate of 3.0 percentage points above the weighted average rate applicable to the six-month Jamaica Treasury Bill Tender (WATBY), held immediately prior to the commencement of each quarterly interest period, until maturity in 2023.

The first payment will be made on July 27, 2018 to the 9.50% variable rate JMD preference shareholders on record as at June 16, 2018. The principal repayment date is March 16, 2023.

CAC also advises that thereafter dividends will be due and payable quarterly on the 15th day of the relevant months (October, January, April and July) or if such day falls on a day other than a business day then payment will be made on the next business day, to the 9.50% variable rate JMD Preference shareholders on record as at the 16th day of the prior month.

This news item can also be found at

https://www.jamstockex.com/cac-2000-limited-cac-dividend-declaration-for-9-50-preference-share/

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2018-07-16T17:28:09+00:00