February 2020 , Bogotá. According to the information prospectus for the issuance and placement program of equity securities by Pei, dated February 14, 2020, Pei will make payment for distributable cash flow (FCD), which was generated during the second half of 2019.
The distributable cash flow generated by the Pei portfolio operation in the year 2019 was 269 1,001,000 pesos. Of this amount, COP 124,574 million was paid to investors last month, August of 2019; the remaining amount, that is, COP 144.510 million, will be distributed to investors in equity securities, in proportion to the number of shares they hold on the day before the payment date, at a rate of COP 334.963 per share.
This value represents the annual return paid for the distributable cash flow (Dividend Yield) of 5.25%, for the 2019 period, which has been recovered over the last two years. This result is mainly due to the performance of revenues and the stabilization of commercial assets incorporated into Pei since the end of 2016; as well as the cash flow generated by the assets incorporated in the last 12 months.
The applicable payment will be subject to withholding taxes according to the tax status of each investor.
According to the Extraordinary Investor Meeting held in December of 2018, distributable cash flow will begin to be distributed quarterly during this year. Progress updates and its official launch will be communicated promptly.
El Flujo de Caja Distribuible correspondiente al segundo semestre del año 2019 fue autorizado por el Comité Asesor.