Fondul Proprietatea ex dividend today – down 6%

Fondul Proprietatea trades ex dividend today, the share price is down 6%. The NAV discount is therefore 31%!!! In the past FP traded up quickly post dividend.

Positive news this year:

– another buyback approved

– Paul Singer, the largest FP investor, is increasing its role in the FP management

– FP shares are now trading in London (can be bough on IB)

– Hydroelectrica posting record profits

The link to the latest fact sheet:

http://www.fondulproprietatea.ro/sites/default/files/newsdocs/fp_factsheet_-_may_2015.pdf

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