AbaCore Capital Holdings Inc. announced it has received approval from the Securities and Exchange Commission (SEC) to proceed with the distribution of previously declared property and cash dividends to shareholders of record as of June 28, 2022.
The company received the certificate of filing of the notice of property dividend declaration from the SEC on Oct. 16, 2025.
This approval clears the way for AbaCore to distribute property dividends valued at P376,734,100 and cash dividends totaling P41,859,341.
The property dividend represents 3,767,341 common shares of AbaCore’s wholly owned subsidiary, Philippine Regional Investment Development Corp. (PRIDE), with a par value of P100 per share. The declared cash dividend will also cover fractional shares resulting from the property dividend allocation.
PRIDE’s book value was P360.98 per share at the time of the stock declaration on June 3, 2022. That value has since increased to P405.17 per share as of Dec. 31, 2023, reflecting a growth of about 305 percent above par value.
AbaCore is now processing the settlement of applicable taxes and securing the certificate authorizing registration (CAR) from the Bureau of Internal Revenue. Payment and distribution dates will be announced after these requirements are completed, followed by the disbursement of cash dividends and the issuance of PRIDE share certificates.
“This development reflects AbaCore’s steadfast commitment to fulfilling our obligations to shareholders and delivering tangible value from our investments,” said Antonio Victoriano Gregorio III, AbaCore Capital chairman and president.
“With the SEC’s approval and the increase in PRIDE’s book value, we are confident that this distribution marks another step forward in strengthening shareholder confidence and sustaining our growth momentum,” Gregorio added.
