SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 23, 2017

2. SEC Identification Number

77823

3. BIR Tax Identification No.

000527103

4. Exact name of issuer as specified in its charter

CITYLAND DEVELOPMENT CORPORATION

5. Province, country or other jurisdiction of incorporation

MAKATI CITY, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F CITYLAND CONDOMINIUM 10 TOWER I, 156 H.V. DELA COSTA ST., MAKATI CITY Postal Code 1226

8. Issuer's telephone number, including area code

02-8936060

9. Former name or former address, if changed since last report

N.A.

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
UNCLASSIFIED COMMON SHARES	3,750,537,168

11. Indicate the item numbers reported herein

ITEM NO. 9 - OTHER EVENTS

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cityland Development CorporationCDC

PSE Disclosure Form 6-1 - Declaration of Cash Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
DECLARATION OF CDC'S CASH DIVIDENDS
Background/Description of the Disclosure
Declaration of Cash Dividends: a.) Declaration date: May 23, 2017 b.) Record date: June 06, 2017 c.) Payment date June 22, 2017 d.) Source of Cash Dividends: Unappropriated retained earnings as of December 31, 2016 e.) Amount per share: Php 0.036 f.) Special Meeting of the Board of Directors: May 23, 2017

Type of Securities

• Common
• PreferredN.A.
• OthersN.A.

Cash Dividend

Date of Approval by Board of Directors	May 23, 2017
Other Relevant Regulatory Agency, if applicable	N.A.
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Type (Regular or Special)	SPECIAL
Amount of Cash Dividend Per Share	0.036
Record Date	Jun 6, 2017
Payment Date	Jun 22, 2017

Source of Dividend Payment
Source of Cash Dividends: Unappropriated retained earnings as of December 31, 2016
Other Relevant Information
N.A.