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Fair Value to propose lower annual dividend

Fair Value REIT-AG said it will propose to distribute a per-share dividend of 34 euro cents for the 2017 fiscal year at the company's June 8 annual general meeting.

The amount is lower compared to the 40 cents per share payout in the 2016 fiscal year.

The diversified real estate investment trust added that, based on unaudited figures, its net income during the 2017 fiscal year is expected to amount to about €5.3 million, from roughly €6.2 million logged in the previous year.