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Lippo Malls Indonesia Retail Trust Halts Distribution on Perpetual Securities

Story Highlights
  • Lippo Malls Indonesia Retail Trust will not pay the scheduled distribution for its S$120,000,000 Perpetual Securities.
  • This decision activates dividend stopper provisions, affecting investor returns and financial strategies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lippo Malls Indonesia Retail Trust Halts Distribution on Perpetual Securities

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Lippo Malls Indonesia Retail ( (SG:D5IU) ) has issued an update.

Lippo Malls Indonesia Retail Trust has announced that it will not pay the scheduled distribution for its S$120,000,000 Perpetual Securities issued in June 2017. This decision activates dividend stopper provisions, preventing the declaration or payment of dividends and distributions on certain securities until specific conditions are met, potentially impacting investor returns and financial strategies.

The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.

More about Lippo Malls Indonesia Retail

YTD Price Performance: -27.78%

Average Trading Volume: 4,635,758

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$107.8M

Learn more about D5IU stock on TipRanks’ Stock Analysis page.

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