Shareholders of Kontiki Finance Limited, a locally owned credit facility, now have the opportunity to increase their shareholdings through a newly introduced reinvestment plan. This plan allows existing shareholders to convert their dividends into additional shares at a discounted rate.
The company has set the reinvestment price at $1.02 per share, which represents a five percent discount compared to the average share price for the month leading up to the dividend announcement.
Barry Whiteside, chairman of Kontiki Finance, emphasized that there will be no brokerage fees or levies associated with this reinvestment. He noted, “Shareholders who choose to participate in the reinvestment plan will receive newly issued shares.” The number of shares each shareholder receives will be determined by the total amount of dividends they are entitled to, rounded down to the nearest whole number.
Eligible shareholders must be registered with Kontiki Finance as of November 15 to take part in the plan. For example, if a shareholder receives $100 in dividends, they can reinvest that amount to acquire 102 shares instead of opting for cash.
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