Beneficial Interest


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Beneficial Interest

The right of a person to enjoy or otherwise use a property or other asset even if he/she does not actually own it. For example, the beneficiary of a trust has beneficial interest because he receives the income derived from the assets in the trust, but he does not own the assets themselves. This concept is very similar to beneficial ownership.
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Pacific Coast Oil Trust (NYSE:ROYT) on Thursday declared a distribution of USD0.02381 per unit of its beneficial interest.
(NASDAQ: SOHO) (the 'Company') today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.13 per common share of beneficial interest. The quarterly dividend will be paid on October 11, 2019 to shareholders of record as of September 13, 2019.
Cllr Rouf also incorrectly stated he had a beneficial interest in a council house on Trafalgar Road.
LaSalle Hotel Properties (LHO) announced that it has entered into a definitive agreement with affiliates of Blackstone Real Estate Partners VIII, under which Blackstone (BX) will acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8B.
This amendment approved by the Cabinet of Ministers recently incorporates the requirement of maintaining of a register, which contains details of the beneficial interest in shares or warrants or similar interests held by any individual who owns 25 percent or more of the issued shares of any public limited company.
Under the scheme, first home buyers who meet the eligibility criteria will only need a five per cent deposit, and the Government to take a proportional beneficial interest of up to 25 per cent in the property.
The court observed that failure to declare the 12-acre Hyde House in his nomination papers, and the statement of untruths that he had no beneficial interest in the property, had led to Mr Tareen's disqualification.
The PML-N leader Hanif Abbasi on Tuesday filed submissions before the Supreme Court regarding nature of beneficial interest in trust relationships in the PTI leaders' disqualification case.
The adjusted earnings will exclude 27 cents per share, or $285 million in pretax losses, on early debt retirement; data breach costs of 14 cents per share, or $140 million pretax; a penny per share, or $13 million, in pretax expense related to the conversion of existing co-branded cards to chip-enabled MasterCards in 2015; and 5 cents per share to reduce the beneficial interest asset, partially offset by a tax benefit of 5 cents per share.
5 -- Vodafone may be the first telecom player to bear the brunt of the new telecom licence rules that prohibit the operators/players from holding beneficial interest in rivals operating in the same service areas.
The company has announced a quarterly dividend of USD0.4921875 per share of 7.875 percent Series A Cumulative Redeemable Preferred Shares of Beneficial Interest for the quarter ending March 31, 2011.
United States-based Sabine Royalty Trust (NYSE: SBR) has announced a cash distribution to the holders of its units of beneficial interest.