The proposal is subject to shareholder approval at a meeting due July 6.
In April, SIF Muntenia approved a gross dividend of RON0.081 a share from the 2011 profit, similar to the one paid last year. The fund will to pay total dividends of RON65.36 million, namely the entire net profit reported for 2011.
However, several minority holders in the fund were unhappy with the decision and demanded the gross dividend be tripled. They also requested a new revenue and expenditure plan for 2012.
SIF Muntenia (SIF4.RO) Monday said it swung a net profit of RON4.3 in the first quarter, versus loss of RON4 million a year earlier. The fund reported total assets of RON1.25 billion at the end of March, up 2.2% from December last year.
On the Bucharest bourse Monday, SIF Muntenia closed down 0.2% at RON0.7415 a share. (EUR1=RON4.4053)