At the end of September, the fund had a net asset value of RON14.616 billion and a net profit of RON535.3 million.
The net asset unit value reached RON1.1147 per share, up 2.24% on the month.
The fund continued to register dividends in the profit account throughout October. As such, the value of receivables dropped by 37%, to RON132.7 million, from RON210 million.
The bulk of profit, namely RON512.8 million, came from dividends.
Amounts deposited in banks cumulated RON260.3 million, down 15% from RON306.7 million in the previous month. On the other hand, the fund invested some RON100 million in state bonds, increasing its exposure on these instruments to RON147.5 million, from RON48.6 million.
Stock held in Romanian companies represents 98.81% of the net asset value, while the remaining 1.19% is represented by stakes in companies listed in Austria.
Fondul Proprietatea is a closed-end investment fund set up to compensate former owners whose property cannot be returned in kind after it was abusively seized under the communist regime.
The fund has a share capital of RON13.778 billion, divided into 13.778 billion shares with a face value of RON1.
The Finance Ministry transferred a total 1.65% in the fund in October, as compensation, which narrowed the state’s stake in the fund to 5.93%, while private equity firm Manchester Securities Corp increased its stake to 7.93%, thus becoming the largest holder.
Mid-session Tuesday, Proprietatea shares were down 0.45% on the day, to RON0.4465, on a traded value of RON896,429. (EUR1=RON4.3448)