Brief: Paris Reality Fund Maintains Payment Of 2019 Dividend

Paris Realty Fund SA

06/04/2020 06:27

April 6 (Reuters) - PARIS REALTY FUND SA  PARF.PA :
    * ANNOUNCED ON FRIDAY THE CONTINUITY OF GROUP'S BUSINESS IN
FACE
OF COVID-19 CRISIS
    * REMOTE WORKING OF TEAMS IN FRANCE AND ITALY 
    * HEALTHY FINANCIAL SITUATION WITH DEBT RATIO AND FINANCIAL
INTEREST COVERAGE OF RESPECTIVELY 28% AND 7.8X AS OF DEC 31,
2019
    * TO DATE, LIQUIDITY POSITION OF EUR 44 MILLION, INCLUDING
CONFIRMED AND AVAILABLE CREDIT LINE
    * SAYS HAS CONDUCTED STRESS TESTS ON REAL ESTATE INVESTMENT
TRUSTS
WITH VARIABLE CAPITAL: TESTS CONFIRM CAPACITY OF DISTRIBUTING
DIVIDEND IN Q1 2020
    * MAINTAINS DIVIDEND PAYMENT OF EUR 4.00 PER SHARE FOR FY
2019
    * ANNUAL GENERAL MEETING POSTPONED TO MAY 7, 2020
    * PAREF GESTION HAS ASKED BANKING PARTNERS FOR DELAY IN
MATURITY
OF LEASE CREDITS DUE IN APRIL 2020 FOR OPPCI VIVAPIERRE FUND

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT62832
    Further company coverage:  PARF.PA  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))