Foreigners’ Holding In Proprietatea Fund Rises To 23.3% Mid-May

05.24.2011 By Florentina Dragu

Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 23.3% by mid-May, from 22.5% a month earlier, the fund said in a statement Tuesday.

The cumulated stake of Romanian investors dropped to 25.21% by May 16, the registration date for the 2010 dividend payout. In April, residents owned a total stake of 26.11% in Fondul Proprietatea.

Romanian Finance Ministry's stake was 36.77% on May 16, from 36.79% at the end of April.

Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.

The fund will pay out total dividends worth 432.7 million lei (EUR105 million) from last year's profit.

Fondul Proprietatea was floated on the Bucharest Stock Exchange on January 25.

Tuesday, Fondul Proprietatea closed down 0.3% at RON0.5 a share. (EUR1=RON4.1233)