September 18, 2020
Seprod Limited (SEP) has advised that at a meeting of the Board of Directors held on September 17, 2020, the Board declared an interim dividend with respect to the ordinary shares (“Seprod Shares”) in the capital of the Company payable on October 19, 2020 to Seprod Shareholders on record as at September 30, 2020. The ex-dividend date is September 29, 2020.
The dividend declared has the following two components:1. Cash of $0.30 per Seprod Share.2. Additionally, 15,447,465 shares (“CPFV Shares”) in the Eppley Caribbean Property Fund – Value Fund at a ratio of 0.02171 CPFV Shares for every Seprod Share held. Fractional CPFV Shares will be rounded to the nearest CPFV Share. Seprod Shareholders owning less than 20,000 Seprod Shares will receive cash in lieu of CPFV Shares in proportion to their holdings of Seprod Shares. Cash payments in lieu of CPFV Shares will be based on the closing price of CPFV Shares on the Jamaica Stock Exchange as at September 17, 2020
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.