Annual General Meeting of TTL Beteiligungs- und Grundbesitz-AG approves dividend of EUR 0.20 per share
- High dividend yield of 7.6 percent
- All proposed resolutions approved with at least 99.9 percent
At the virtual general meeting on 26 March 2021, the shareholders of TTL Beteiligungs- und Grundbesitz-AG ("TTL AG", "TTL") (ISIN DE0007501009) resolved to distribute a dividend of EUR 0.20 per share for the 2020 financial year. This corresponds to a dividend yield of 7.6 percent based on the year-end closing price of the TTL share on 30 December 2020.
"We are continuing our sustainable dividend policy with the dividend distribution for the 2020 financial year resolved today," says Theo Reichert, CEO of TTL AG. As the dividend payment will be made from TTL AG's capital contributions account for tax purposes (steuerliches Einlagekonto according to KStG - German Corporate Income Tax Act) it is not subject to any deduction of capital gains tax.
The Annual General Meeting of TTL AG was held virtually, i.e. without the physical presence of shareholders or their proxies, due to the ongoing restrictions related to the COVID-19 pandemic.
With a presence of more than 77 percent of the share capital, the shareholders approved the ratification of the Board of Directors and the Supervisory Board as well as all other proposed resolutions at the virtual Annual General Meeting with at least 99.9 percent.
All relevant documents for the Annual General Meeting 2021 of TTL Beteiligungs- und Grundbesitz-AG can be viewed on the company's website https://www.ttl-ag.de/en/investor-relations/shareholders-meeting.html.
TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009/Stock exchange symbol TTO) is a listed holding company focusing on the German real estate market. As a holding company, its aim is to enter into profitable investments, to accompany and develop them in order to participate in their value enhancement and to sustainably increase the earning power of TTL AG in the interest of its shareholders. TTL invests in both privately held and listed real estate companies with high dividends. In addition, TTL also participates in real estate projects and properties via platforms, whereby TTL Group provides mezzanine financing for these investments in addition to equity.
The Munich-based company is via TTL Real Estate GmbH invested in listed high-dividend real estate companies, primarily DIC Asset AG. At the same time, the company engages itself in real estate project developments, value-add properties and portfolios and plans to invest in further real estate portfolios in the future. Since the end of 2020, TTL AG holds a 30 % stake in the asset management boutique Montano Asset Management GmbH, which is also based in Munich.
TTL Media and Investor Relations contact
Tel. +49 89 3090 5189-23
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