At the end of April, the fund posted a loss of RON51.5 million.
Fondul Proprietatea is due to collect RON278.3 million in dividends from oil and gas company OMV Petrom (SNP.RO) and another RON124.7 million from natural gas transporter Romgaz (SNG.RO). The fund, which owns 19% and 15% in the two companies, respectively, has registered the dividends in advance.
At the end of May, the fund posted net assets of RON15.24 billion, up 3.76% on the month.
Around 51.4% of Fondul Proprietatea’s assets were listed equities in May, while 41.69% non-listed equities. Net cash and receivables stood at 6.89% of the net asset value.
The fund bought back 0.54% of its own shares in May, for which it paid around RON61 million. Fondul Proprietatea holds 9.01% of its own shares, which are due for cancelation.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism. The fund has a share paid capital of RON13.17 billion lei, split into 13.17 billion shares with a face value of RON1.
Friday, Fondul Proprietatea closed down 0.19% at RON0.809 a share, valuing the company at RON11.14 billion. (EUR1=RON4.396)