Double Dragon Defers Listing of REIT to March 24

In a press-release disclosure to the Philippine Stock Exchange, Double Dragon Properties Corporation said it was moving the listing of its Retail Investment Trust Fund, DDMPR, by one day: from Tuesday, March 23, 2021 to Wednesday, March 24, 2021.

The postponement was for the purpose of completing the lodgement of DDMPR shares to various stockbrokers, delayed “due to the heavy volume of over 50,000 total investors who subscribed” to the Initial Public Offering (IPO) of DDMPR.

In a separate disclosure, Double Dragon announced the payment of regular cash dividend to preferred shareholders in the amount of P1.61945 per share. The dividend has en ex-date of March 30, 2021 and will be paid on April 14, 2021.

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