AbaCore Capital Holdings, Inc. (PSE: ABA) has received approval from the Securities and Exchange Commission (SEC) to proceed with the distribution of its previously declared property and cash dividends to shareholders of record as of June 28, 2022.
On October 16, 2025, AbaCore obtained the Certificate of Filing of the Notice of Property Dividend Declaration dated October 8, 2025, from the SEC. The approved distribution includes property dividends worth ₱376.73 million and cash dividends amounting to ₱41.86 million.
The property dividend consists of 3,767,341 common shares of Philippine Regional Investment Development Corporation (PRIDE), a wholly owned subsidiary of AbaCore, with a par value of ₱100 per share. The cash dividend will also cover any fractional shares arising from the property dividend allocation.
At the time of the dividend declaration on June 3, 2022, PRIDE had a book value of ₱360.98 per share, which rose to ₱405.17 per share as of December 31, 2023—reflecting an increase of approximately 305% above par.
AbaCore is currently processing the necessary tax settlements and securing the Certificate Authorizing Registration (CAR) from the Bureau of Internal Revenue. Payment and distribution dates will be announced once these requirements are completed. Cash dividends will then be released to eligible shareholders, while certificates for the PRIDE shares will be issued.
“This development reflects AbaCore’s steadfast commitment to fulfilling our obligations to shareholders and delivering tangible value from our investments,” said Antonio Victoriano F. Gregorio III, chairman and president of AbaCore Capital. “With the SEC’s approval and the increase in PRIDE’s book value, we are confident that this distribution marks another step forward in strengthening shareholder confidence and sustaining our growth momentum.”
