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ABB’s Dividend Access Facility 2017

Source: www.gulfoilandgas.com 3/16/2017, Location: Europe

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ABB is making a facility available for shareholders tax-resident in Sweden and holding shares of ABB Ltd registered with Euroclear Sweden that allows them to receive the dividend relating to those shares in Swedish Kronor (SEK) without the deduction of Swiss withholding tax.

Such shareholders can apply to take part in the dividend access facility (DAF) starting on March 16 through April 4, 2017. Current shareholders who applied for ABB’s last DAF in 2014 will be registered automatically for the 2017 DAF.

Assuming that shareholders approve the dividend at ABB’s annual general meeting on April 13, 2017, the dividend under the DAF is expected to be paid on April 25, 2017.

The dividend will be paid in Swedish kronor through Euroclear Sweden and will correspond to the dividend that ABB Ltd pays in Swiss francs (the CHF/SEK exchange rate for the dividend will be determined on April 18, 2017). The dividend will be taxed according to the Swedish tax rules valid for each person or entity.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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