MAC Declaration of Stock Dividends
04 May 2020Please be informed that at the meeting of the Board of Directors of MacroAsia Corporation (MAC), held on April 30, 2020, the Board approved the declaration of stock dividends as follows:
| Date of Approval by Board of Directors | April 30, 2020 |
|---|---|
| Date of Approval by Stockholders | TBA |
| Other Relevant Regulatory Agency, if applicable | N/A |
| Date of Approval by Relevant Regulatory Agency, if applicable | N/A |
| Date of Approval by Securities and Exchange Commission | N/A |
| Stock Dividend Rate | 20% |
| Source of Dividend Payment | Unrestricted retained earnings of the Corporation as of 31 December 2019 |
| Source of Shares for Distribution | To be taken from the unissued capital stock Number of Shares to be Issued: 315,159,739 |
| Record Date | April 3, 2020 |
| Payment Date | TBA |
