VNL.L Share Price (VNL)

In the last tax year, VNL had a 0.33 cents per share "return of capital".
This was NOT described as a dividend anywhere in my broker statement. It did not appear in the dividend tax certificate.

In the current tax year, there is an identical "return of capital". This now shows up in my statement as a Dividend.

Does anyone know why identical events are treated differently ?
J

Anyone interested a USD 0.33 Cent Dividend XD date is the 14th/12 so you have to own before this date to qualify for this dividend. You can sell anytime on XD date or after. You would be credited to your account on 19th/12. The share price will drop by the dividend amount at open on XD date 14/12.. Best luck all..

What attracts you to this share and what are the upside to it ? What do you think the future regarding this company?

1 October 2013 VinaLand Limited Divestment of stake in Hao Khang project Ho Chi Minh City - VinaLand Limited ("the Company" or "VNL"), the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces that it has divested its stake in the company that owns the Hao Khang project located in District 9, Ho Chi Minh City. The Hao Khang project is a future development site with a total site area of 49,655 square metres which was acquired by VNL in 2007 for development into an apartment and villa complex adjacent to Ho Chi Minh City's internal ring road. However, subsequent to the acquisition, the real estate market experienced a significant increase in the number of apartment developments in the area coupled with high interest rates and residential prices trending downwards. Given these high risk and challenging market conditions, the Investment Manager concluded that VNL should not proceed with the development of this site but rather should seek to sell it. VNL has signed an agreement to divest its 70 percent stake in the project at a valuation 2.9 percent above the current net asset value of the investment. This will result in net proceeds of USD4.6 million for the Company. VNL has received an initial payment equivalent to 70 percent of the total payment from the buyer, with the remaining 30 percent to be received by November 2013. Speaking on the transaction, Managing Director, David Blackhall stated, "The closure of this transaction is the fourth full exit since VNL's EGM on 21 November 2012, where shareholders supported a new three year term which included a revised strategy focused on realisation of assets. The proceeds will be utilised to cover the continuation of the share buyback programme and operating costs. Following this transaction, VNL's portfolio now comprises 32 projects." About VinaCapital VinaCapital is a leading asset management and real estate development firm in Vietnam, with a diversified portfolio of USD1.5 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of investment professionals who bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has teams with broad experience covering equity markets, fixed income, private equity, venture capital, real estate and infrastructure. VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson. VinaCapit

27 September 2013 VinaLand Limited VinaLand Limited ('the Company' or 'VNL') today announces that the Board of the Company is currently considering raising additional capital to refinance existing project loans and commitments and to provide additional working capital in the medium term. It is anticipated that such capital will be raised in the form of debt or quasi-debt instruments. Any issuance of debt will be subject to market conditions and further details will be announced in due course. More information on the Company is available at www.vinacapital.com/vnl Enquiries: David Dropsey VinaCapital Investment Management Limited Investor Relations / Communications +84 8 821 9930 david.dropsey@vinacapital.com Hiroshi Funaki / William Marle Edmond de Rothschild Securities, Broker & Financial Adviser +44 (0)20 7845 5960 / 5950 funds@lcfr.co.uk Philip Secrett Grant Thornton UK LLP, Nominated Adviser +44 (0)20 7383 5100 philip.j.secrett@uk.gt.com Andrew Walton FTI Consulting, Public Relations (London) +44 (0)20 7269 7204 andrew.walton@fticonsulting.com This information is provided by RNS The company news service from the London Stock Exchange END MSCFMGZLGNGGFZM Vinaland (LSE:VNL) Historical Stock Chart 1 Year : From Sep 2012 to Sep 2013