According to the information prospectus for the equity securities Emission and Placement Program of Pei, on August 18, 2020, Pei will make the payment of distributable cash flow (FCD), which was generated during the first half of 2020.
The amount that each investor will receive, calculated based on the audited semi-annual financial statements reports by the auditing firm, will be COP 150,532 per Title, in accordance with authorization from the Advisory Committee.
This value represents the annual return paid for distributable cash flow (Dividend Yield) of 4.52% for 2020. The distributable cash flow generated by the vehicle’s operation during the first half of the year amounted to 64,943MM; the decrease compared to the FCD paid in the same period of the previous year is due to the concessions granted to tenants due to the health emergency, and to the decrease in variable income and other income during the second quarter of the year.
The applicable payment will be subject to withholding taxes according to the tax status of each investor in equity securities.
According to the Extraordinary Investor Meeting held in December of 2018, distributable cash flow will begin to be distributed quarterly starting in the second half of 2020.