News: SDG Sunland Group Announces Fully Franked Special Dividend Of 20 AU Cents Per Share

June 22 (Reuters) - Sunland Group Ltd (SDG) :

• FULLY FRANKED SPECIAL DIVIDEND OF 20 AU CENTS PER SHARE PAYABLE 27 JULY 2023
• NOW COMPLETED REMAINING PROJECTS AND SOLD ALL UNDEVELOPED INVENTORY
• HAS SOME REMAINING ASSETS, WHICH ARE NOT MATERIAL AND ARE ON MARKET FOR SALE
• MONTAINE RESIDENCES PROJECT - ONLY 10 HOUSES ARE YET TO SETTLE, BUT ARE EXPECTED TO SETTLE THROUGH JUNE
• PROPOSED DIVIDEND ESTIMATED AT 11 AU CPS WHICH DIRECTORS ANTICIPATE BEING DECLARED FOLLOWING RELEASE OF FY23 RESULTS
• CAPITAL DISTRIBUTIONS OF A$0.90 PER SHARE ARE PROPOSED