UOB 5.05%NCPS 100 PREFERENCE SHARES

Createwealth8888:

Interestingly, perference shares are traded like ordinary shares in SGX but it still function like Fixed Deposit when it comes to computing of dividends (like interests) payment.

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Singapore, 10 August, 2010 - United Overseas Bank Limited wishes to announce the following in respect of the forthcoming payment of semi-annual one-tier tax exempt dividend on its Preference Shares (trading name: UOB 5.05%NCPS 100):


Dividend Period = 15 March 2010 up to, but excluding, 15 September 2010

Number of days = 184

Dividend Rate = 5.05% per annum (fixed)

Basis of Calculation of Dividend = Number of preference shares held


x Liquidation Preference of $100 per share x 5.05% x 184 days / 365 days

Dividend Payment Date = 15 September 2010

Record Date = 2 September 2010 at 5.00 pm