Dividends
MIIF intends to pay out as ordinary dividends to shareholders the majority of normal distributions that it receives or expects to receive from its investment and not to retain significant cash balances in excess of prudent reserves. Prudent reserves are required to ensure that MIIF remains solvent and that, amongst other things, operating costs such as finance costs, audit fees, registry fees and hedging costs are adequately provided for.
MIIF declares and pays regular semi-annual cash dividends on all outstanding shares.
As MIIF is incorporated in Bermuda and is not a resident in Singapore for tax purposes, dividends paid by MIIF will be regarded as foreign-source income. The foreign dividend is subject to Singapore corporate income tax when received in Singapore by corporate shareholders. Foreign dividends received by foreign investors with no permanent establishment in Singapore are generally not subject to Singapore income tax. Foreign dividends received by individuals in Singapore (whether resident or otherwise) are exempt from Singapore income tax.
Singapore does not currently impose withholding tax on dividends paid to non-Singapore tax resident shareholders.
Note: All shareholders are advised to obtain their own professional tax advice in relation to the dividends paid by MIIF.
| Period ending | Distribution per share |
|---|---|
| H1 2005 | 2.20 cents (paid 9 September 2005) |
| H2 2005 | 3.10 cents (paid 29 March 2006) |
| H1 2006 | 3.95 cents (paid 13 September 2006) |
| H2 2006 | 4.00 cents (paid 30 March 2007) |
| H1 2007 | 4.15 cents (paid 14 September 2007) |
| H2 2007 | 4.25 cents (paid 5 May 2008) |
| H1 2008 | 4.25 cents (paid 15 October 2008) |
| H2 2008 | 3.00 cents (paid 27 March 2009) |
| H1 2009 | 1.50 cents (paid 11 September 2009) |
| H2 2009 | 1.50 cents (paid 26 March 2010) |
| H1 2010 | 1.50 cents (paid 9 September 2010) |
| H2 2010 | 1.50 cents (paid 25 March 2011) |
| H1 2011 | 2.75 cents (paid 8 September 2011) |
| H2 2011 | 2.75 cents (paid 26 March 2012) |
MIIF dividend per share (on a paid basis)
Click to enlarge
Did you know?
- MIIF was the first infrastructure fund listed on the Singapore Exchange Securities Trading Limited (SGX).