GMA Holdings, Inc. Approves the Declaration of Cash Dividend, Payable on July 16, 2020
June 09, 2020 at 05:09 am
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GMA Holdings, Inc. at special meeting of the board of directors held on June 9, 2020, approved the declaration of cash dividend of PHP 0.30 per share by GMA Network, Inc. the record date for the PDR holders who are entitled to receive the cash amounts is June 24, 2020 (the same record date for GMA Network, Inc. stockholders). The cash dividends are expected to be received by GMA Holdings, Inc. on July 15, 2020 and the cash amounts will be distributed to the PDR holders on July 16, 2020. PDR holders shall receive the same dividend rate (undiminished by their proportionate share in the operating cost of GMA Holdings, Inc.) that will be paid to the common
shareholders.
GMA Holdings, Inc. is a Philippines-based holding company. Its primary purpose is to invest in, purchase or otherwise acquire and own, hold, use, sell, assign, transfer, mortgage, pledge, exchange, or otherwise dispose of real and personal property of every kind and description. The Company focuses on the issuance of the Philippine Depositary Receipts (PDRs) relating to GMA Network, Inc. (GMA).