The proposal is subject to holders’ approval at a meeting due April 5.
If approved, the operation will entail issuing 1.038 billion new shares at a face value of RON0.1, SIF Moldova said in a statement.
SIF Moldova plans to pay a dividend of RON0.22 a share for the 2011 net profit, more than double compared with RON0.09 a share in the previous year.
The fund posted a net profit of RON191.5 million in 2011, more than double on the year, following the sale of a 6% stake in lender Banca Comerciala Romana (BCR) to Austria’s Erste Bank for RON123.6 million in cash and around 1% in Erste stock.
End-2011, SIF Moldova reported net assets of RON1.09 billion, down 5% from RON1.14 billion in December 2010.
On the Bucharest bourse Tuesday, SIF Moldova closed up 2.59% at RON1.349 a share. (EUR1=RON4.3433)