Unit holders receive dividends
ANOTHER group of verified Pacific Balanced Fund (PBF) unit holders received their dividends last month, according to the fund.
Mark Sakai, executive chairman of PBF trustee, Melanesian Trustee Services, expressed his pleasure to see newly verified unit holders, from the former Investment Corporation Fund of PNG, receive their PBF entitlements.
“There are nearly 20,000-unit holders in the Pacific Balanced Fund,” he said.
“Most of the dividends for the years 2003 to 2016 have been paid and more are expected to be paid shortly for 2017 and 2018.
“But the fund is still encouraging Investment Corporation Fund investors to update their records.
“We continue to call on the people who lost contact with the Investment Corporation and have not yet turned up to seek and claim their entitlements from PBF, to make contact.”
A part of MTSL’s strategic plan was to find, verify and pay outstanding dividends to ‘missing’ investors.
The formal verification process is continuing.
“During 2019 we have been able to locate more owners of PBF funds,” he said. “The recent group received over K250,000 before Christmas (2019), thanks to the verifications.
“This now means that ownership of more than 85 per cent of the fund has been established.
“It was good receiving positive feedback from long time unit holders who finally came forward to claim their benefits and received them at year’s end.
“Melanesian Trustee Services maintains its focus on protecting and increasing the assets of the PBF investors and looks forward to reporting more progress in the months ahead.”
14 comments
My father was a share holder and did not receive any dividend as yet,he has been retired and wants to know how will he received his dividend,can you email him using my email address [email protected] he has all necessary documents with him… please let me know so I can relay the message.
Tankyou.. Patricia Baria
Account holder.sam Baria.
I am one of the investors, I worked with Post PNG Madang since 2002-2007. I lost all my papers but my file # is 14662. Please need help on how I can claim my dividend… Am now residing in Kokopo
I am a unit holder, want to know how soon dividend payment s for 2017, 2018, 2o19 .
And latest of sale of shares
Plis feedback
Albert and Cathy Bunat had all verification docements completed. We are still awaiting payment.
I am a unit holder registered on the 23rd November 2001 and has not received any dividend payment. My current Unit Certificate Holder Number is 540552. Can you follow up and advice me of my dividend payment status
Had all verification documents completed and emailed. Open up an account with MIBank Kokopo and still awaiting payments. Please confirm and advise. Thanks Lydia Taupa
My name is Richard Kila, I was a contributor to Investment Cooperation, and was receiving my units, until it was defunct. How do I know can I verify my self.
My father John Walalar is share holder but had passed away in 2015.I am his son John Valalar Junior believe to be his next off kin how will change his details. Here is my phone number 76620381..Thank you
Hi my name is Sereta Mitako (Mr), I have bought a share with former known as Investment corporation Fund and the address I was using closed I haven’t been receiving my updates on my shares and lost contact since the Investment Corporation closed or move to new location.
Please could you assist provide emails address for me to enquire on my shares. Right now I am using my niece’s email address ([email protected]).Serat
Thank you..
I am Frank Eckerman and a verified unit holder and wish to thank the fund for the one and only Divident payment on Thursday through my BSP Bank account since 2013.
However, I wish to enquire about the status of my monies which were deducted after April 31st 2008 up until 2017 when I cease deductions?
Further, as a unit holder, I wish to know what is the share value at the moment?
Finally, advice as to the process of BUY BACK SHARES at the moment.
My father Mr. Alois Taksir a former school head teacher invested into Pacific Balance Fund since started work in 1985. he is still waiting for his payment since resigned in 2012.
therefore, please I kindly ask if you could contact him through my email address and contact information.. [email protected]
My father joined the fund as png investment coopraration now call Pacific balance fund since 1974 he died in 1984 lost contact and never received a any form of payment till he died, i the son Michael kageni received letter from melanesian trustee service limited did verifying and change the addres as next of kin, now i waited more than 9 years to buy back shares, therefore would like to withdraw my shares please advise on this area thank you
I am a shareholder of investment corporation fund of png. What will PBF & MLTS do with the certificates? I want to withdraw my shares. Please assist.
I am a unit holder, I want to know when will be the next dividend payout be done.
Please advise me on this matter.
Comments are closed.