Makati Finance Declares Stock Dividends

The Board of Directors of Makati Finance Corp. (PSE: MFIN) declared a stock dividends amounting to 1.2382084447% of the outstanding capital stock equivalent to a maximum of 3,255,847.35 shares of stock, to be issued out of the unissued capital stock to stockholders of record as of 27 August 2020, with a payment date not later than 22 September 2020.

Fractional shares of 43.23 shall be paid in cash. After deducting the fractional shares, the exact number of shares to be issued is 3,255,804.


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