Obligation to distribute dividends
At least 80 % of the sum of the corrected result and the net gains on the realisation of property assets not exonerated from the distribution obligation must be distributed by the RREC. The debt decrease during the period can however be deducted from the amount to be distributed.
|2017||2016(4)Forecast||2015(3)From 12.05.2015 to 31.12.2015||2015(2)From 01.01.2015 to 11.05.2015||2015 (1)Full year||2014||2013|
|Gross (in EUR)||5.50||5.50||3.54||1.96||5.50||6.00|
|Net (in EUR)||3.85||3.85||2.58||1.43||4.13||4.50|
|Gross (in EUR)||6.37||6.37||6.37||6.37||6.37|
|Net (in EUR)||4.459||4.459||4.65||4.78||4.78|
The leading financial service designated as paying agent for holders of securities in Belgium is Banque Degroof.
Optional dividend in shares
Since 2011, the Board of Directors offers the ordinary as well as the preference shareholders the choice between:
- The payment of the dividend in new ordinary shares,
- The payment of the dividend in cash, or
- A combination of these two payment modalities.
|Press release: Terms and conditions||N/A|
|Special Report of the Board of Directors||N/A||FR/NL||FR/NL||FR/NL|
|Special Report of the Auditor||N/A|
|Exemption of withholding tax||N/A|
|Press release: Result of the offer||N/A|
A 30 % withholding tax applies on dividends paid by a RREC.
This rate can be reduced according to treaties for the avoidance of double taxation. In order to benefit from this reduction, an official form 276 DIV-AUT that can be uploaded on the website of the federal tax authorities must be filled by the beneficial owner of the dividends and provided to Cofinimmo SA/NV.
Some treaties provide an exemption of the withholding tax for certain non-residents. Following a decision of the Belgian Constitutional Court, foreign pension funds can reclaim withholding tax on dividends distributed by RREC (see more information here).
US-based pension funds must provide a US tax residency certificate n°6166 and a sworn statement to Cofinimmo SA/NV.