Kungsleden clarifies dividend policy
Press Release 18 August 2010
The Board of Directors of listed Swedish property company Kungsleden AB (publ) has reviewed and clarified Kungsleden’s dividend policy. As previously, Kungsleden's dividend policy implies dividends of 50 per cent of profit for calculating dividends. The Board of Directors’ ambition remains to maintain stable dividends with a high pay-out ratio. When judging the amount of dividends, consideration shall be given to the company’s investment need, capital structure and financial position otherwise.
“We want to clarify that when reaching decisions on dividends, the Board does, and always will, make an overall judgement of the company’s prospects and circumstances as part of a responsible long-term dividend policy,” commented Per-Anders Ovin, Chairman of Kungsleden.
Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 18 August 2010 at 1:00 p.m.
For more information, please contact: Per-Anders Ovin, Chairman of the Board, Tel: +46(0)70 508 9105
This press release is available in Swedish at www.kungsleden.se Kungsleden’s strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and divestments. As of 30 June 2010, the property portfolio comprised 559 properties with a book value of SEK 21.9 bn. The holding was located in a total of 129 municipalities, although concentrated on the Swedish provinces of Götaland and Svealand, and the Öresund region. Kungsleden has been listed on Nasdaq OMX Stockholm since 1999.