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Citicore Energy REIT declares robust Q4 dividend - philstar.com - Philippines

Citicore Energy REIT declares robust Q4 dividend

Citicore Energy REIT [CREIT 2.75, up, up 3.8%] [link], the subsidiary of Citicore Renewable Energy Corp. and the REIT arm of the Megawide [MWIDE 3.08 unch] group of companies, declared a Q4/23 dividend of P0.054/share, payable on May 15 to shareholders of record as of April 18. The dividend has an annualized yield of 7.85% (up from 7.38%) based on the previous day’s closing price. The total amount of the dividend is P353 million, which is 106% of the P334 million in reported Q4 distributed income. Relative to CREIT’s IPO price, the dividend increased CREIT’s total stock and dividend return to 24.2%, up from its pre-dividend return of 22.08%.

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OceanaGold PH IPO approved by SEC - philstar.com - Philippines

OceanaGold PH IPO approved by SEC

OceanaGold [OGP] [link] received SEC approval for its proposed P7.88 billion IPO. The tentative dates for the offer period and listing are April 22 through 26 for the offer, and May 7 for the listing. The next (and final) step in the process is for OGP to receive approval for its IPO from the PSE itself.

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MREIT declares stable Q4 dividend - philstar.com - Philippines

MREIT declares stable Q4 dividend

MREIT [MREIT 13.36, down 1.3%] [link] declared a Q4/23 dividend of P0.246/share, payable on April 26 to shareholders of record as of March 18. The dividend maintains MREIT’s annualized yield of 7.37%. The total amount of the dividend is P688 million, which is 97% of the P709 million in distributable income that MREIT reported for the quarter. Relative to MREIT's IPO price, the dividend increased MREIT's total stock and dividend return to -1.84%, up from its pre-dividend total return of -3.37%.

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Wildflour takes $15-M investment at P3.4-B valuation - philstar.com - Usa

Wildflour takes $15-M investment at P3.4-B valuation

The Wildflour Hospitality Group (WHG) [link] took a US $15 million investment from private equity firm KV Asia Capital (KVAC) for 25% of WHG. The company will use this to fuel the expansion of its flagship Wildflour “premium casual” restaurant brand with “at least 10 additional new locations over the next 18 months.” The cash will also go toward building out WHG’s complementary brands such as Pink’s Burger, Hotdog, and Shakes. The Inquirer article mentions that “sources” have said that a Wildflour IPO could happen “within the next two years.”

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Cebu Holdings to delist on March 1 - philstar.com - Philippines

Cebu Holdings to delist on March 1

The PSE gave notice on Friday that Cebu Holdings [CHI suspended] would be delisted on March 1 [link]. CHI has been suspended since December 2021 when the company was merged with Ayala Land [ALI 35.60, down 4.3%] and ceased to exist once the merger became effective. Earlier last week, the ALI shares that were issued to CHI shareholders as payment for the company were listed, paving the way for CHI’s ticker symbol to be delisted from the PSE’s registry.

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Filinvest REIT dividend continues to crumble - philstar.com

Filinvest REIT dividend continues to crumble

Filinvest REIT [FILRT 3.23 unch] [link] declared a Q4/23 dividend of P0.067/share, payable on March 26 to shareholders of record as of March 11. The dividend has an annualized yield of 8.3% based on FILRT’s previous closing price. The total amount of the dividend is P328 million, which is nearly 100% of the P329 million in distributable income that FILRT reported for the quarter on its dividend declaration document. Relative to FILRT’s IPO price, the dividend increased FILRT’s total stock and dividend return to a 39.87% loss, up from its pre-dividend total return of a 40.83% loss.

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Ralph Recto - DoF considering IPOs for LandBank, DBP - philstar.com - Philippines

DoF considering IPOs for LandBank, DBP

The Philippine News Agency reported that the Department of Finance (DoF) [link], under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines (LandBank) and Development Bank of the Philippines (DBP)”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.” No timelines on the charter amendment process or the subsequent IPO transactions were given. 

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SEC makes registration easier for power companies that are forced to IPO by law - philstar.com - Philippines

SEC makes registration easier for power companies that are forced to IPO by law

The SEC issued a notice that simplifies the registration process for power generation companies and distribution utilities [link] that are forced to IPO at least 15% of their shares under the EPIRA law. The SEC also gave an exception to the 20% minimum public float for new IPOs for companies that are forced to list under the EPIRA law, giving these firms the ability to list with just a 15% public float (matching the minimum that must be listed under the law). 

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