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Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY, BYMA:CRES) reported Thursday that its shareholders approved a distribution of both cash and in-kind dividends, according to a press release statement based on a filing with the U.S. Securities and Exchange Commission.
The company stated that, following resolutions from its Ordinary and Extraordinary General Shareholders’ Meeting and Board of Directors’ meeting held Thursday, shareholders of record as of November 4, 2025, will be eligible for a cash dividend totaling ARS 65,079,917,808.30 and an in-kind dividend valued at ARS 28,702,000,000.00. The dividends will be made available starting November 7, 2025, or on a later date as determined by regulations in the jurisdictions where Cresud shares are listed.
The cash dividend represents ARS 103.8769027273 per common share (par value ARS 1) and ARS 1,038.769027273 per American Depositary Share (ADS). The in-kind dividend consists of 12,700,000 book-entry non-endorsable registered common shares of IRSA Inversiones y Representaciones S.A., with a par value of ARS 10 each, owned by Cresud, to be distributed at a closing price of ARS 2,260.00 per IRSA share as of October 29, 2025.
Shareholders will receive 0.020271025365 IRSA shares per Cresud common share, and 0.20271025365 IRSA shares per ADS. Fractions of shares will be settled in cash according to the rules of Bolsas y Mercados Argentinos S.A. ADS holders will receive their distributions through The Bank of New York Mellon, the depositary.
The dividend distribution is subject to a 7% withholding tax as established by Argentine law, which will be deducted from the cash dividend. Payment will be made through Caja de Valores S.A. at its Buenos Aires office, and ADS holders will receive payments according to the applicable jurisdictional regulations.
All information is based on a press release statement included in the company’s SEC filing.
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