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Pier Park investors receiving over $500K in 2022 dividend payments for Christmas

- Payments to begin today, December 21, 2023
Some 68 Preference Shareholders of the Cyril B. Romney Tortola Pier Park will receive Dividend cheques from Tortola Pier Park Ltd (TPPL) starting today, December 21, 2023. Photo: VINO/File
CBRTPP CEO Mr Vance M. Lewis lauded the efforts of the TPPL Board and Team and further advised that in advance of the dividend declaration, a statutory solvency test was conducted as per the prospectus. Photo: VINO/File
CBRTPP CEO Mr Vance M. Lewis lauded the efforts of the TPPL Board and Team and further advised that in advance of the dividend declaration, a statutory solvency test was conducted as per the prospectus. Photo: VINO/File
WICKHAM'S CAY I, Tortola, VI – Some 68 Preference Shareholders of the Cyril B. Romney Tortola Pier Park will receive dividend cheques from Tortola Pier Park Ltd (TPPL) starting today, December 21, 2023.

The payment of 2022 dividends has been approved by the TPPL Board in the amount of US$511,232.00, with the largest Investor, which is the local Social Security Board (SSB) receiving US$442,500.00.

A release from Tortola Pier Park Limited noted that payments are ready for collection from today, Thursday, December 21, 2023.

CBRTPP CEO Mr Vance M. Lewis lauded the efforts of the TPPL Board and Team and further advised that in advance of the dividend declaration, a statutory solvency test was conducted as per the prospectus.

The Cyril B. Romney Tortola Pier Park is a major development in the Virgin Islands. It consists of an enhanced cruise pier and a five-acre landside shopping facility.

The newly enhanced cruise facility includes a 60ft wide, 1,312ft long pier that can berth ships up to a maximum tonnage of 180,000 GRT. The landside shopping centre consists of over 60 stores, including retail, service providers, commercial spaces, and office space.

15 Responses to “Pier Park investors receiving over $500K in 2022 dividend payments for Christmas”

  • jack@$$ (21/12/2023, 17:45) Like (7) Dislike (1) Reply
    That sounds like the economy is booming for some.
    • Wow. Wow. For real.. (22/12/2023, 04:37) Like (18) Dislike (6) Reply
      Yet they paying their staff very small salary. No Christmas Bonus. This is just the height of greed and selfishness and bad leadership..If oppressing staff and keeping them hungry to impress Share holders and make them fat is good leadership...Shame on us..
  • Let's Do Some Math (21/12/2023, 18:44) Like (5) Dislike (1) Reply
    67 investors to share over 68 thousand dollars... am I correct? It would be interesting to see a breakdown as per investment any way it sure beats what the banks are paying as interest on accounts.
    • Ms Taxi Driver. Can't believe this. (22/12/2023, 04:46) Like (2) Dislike (2) Reply
      Hope martin ain upset with me for calling his name. But he is my friend because I admire the way he works, and they need to treat the gentle man better. He takes hus Job very serioysly, well respected. Conduct himself in a professional way...In that hot sun everyday for that small small pay. Martin you can do better. Stop being so loyal...I opologised for calling your name putting you in this spot. But when I saw this news you came to my mind and it uoset me...
    • $$$$ (22/12/2023, 08:11) Like (4) Dislike (1) Reply
      The banks are the biggest waste of time when it comes to earning interest. However, they are real good at providing high interest loans.
  • ccc (21/12/2023, 20:40) Like (4) Dislike (0) Reply
    At least one agency not broke!
    • @CCC. Wicked people (22/12/2023, 04:30) Like (0) Dislike (2) Reply
      Them say they don't have money. Not a Penny them hard working committed staff who keeping Parking running good get for Christmas. What a wicked set of people. Last year they gave staff empty christmas Envelope not a dime inside..
  • VG Resident (21/12/2023, 21:41) Like (4) Dislike (0) Reply
    WHAT IS THE INVESTMENT THAT GAVE 500K IN DIVIDENDS?
  • Change needed. (22/12/2023, 04:49) Like (3) Dislike (1) Reply
    Board and leadership need changing. This is nothing fior leadership on or board to be proud of when their staff are very unhappy. Not some, all their staff are unhappy. Try talking to any of them..
  • i from here (22/12/2023, 06:29) Like (0) Dislike (3) Reply
    I think there is still a lot more work to be done on the Tortola Pier Park it's time for Zoe to lead
  • Lg (22/12/2023, 07:41) Like (5) Dislike (0) Reply
    So lets the numbers on the people's money. SSI
    How much was invested to pay for the over runs in building cost and what is the return?
  • Shutters (22/12/2023, 08:28) Like (0) Dislike (0) Reply
    Use that money to build the shutetrs instead of putting out a request for bid.
  • MY OPINION (22/12/2023, 09:01) Like (1) Dislike (0) Reply
    Mmmm, With a total cost of 83M for Pier Park, that is an amazing return of 0.7%. Well worth the money??
  • HMMM (22/12/2023, 09:34) Like (1) Dislike (0) Reply
    How often have dividends been paid?

    So I invested 10k and now 8 years later I get a dividend cheque for 8,750? Hmmm
  • SSB Investment (22/12/2023, 16:45) Like (3) Dislike (0) Reply
    SSB receive 88.4% of the dividend - just how much of the people's pension money was put into the Pier Park and what is the ROI? (sounds like a failed public offering bailed out by SSB money again)


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