Financiera Independencia Ordinary Shareholders' Meeting Approves Cash Dividend of Ps.0.21 per Share
MEXICO CITY, Sept. 21 /PRNewswire-FirstCall/ -- Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (BMV: FINDEP; OTC: FNCRY) ("Independencia" or the "Company"), a leading Mexican microfinance lender of personal loans to lower income segment individuals and working capital loans through group lending microfinance, today announced that on the Ordinary Meeting held September 20, 2010 its shareholders approved the payment of a cash dividend, to be charged to the balance of the net tax profit account of the Company, in the amount of Ps.0.21 Mexican currency.
First order of business: Approval of a cash dividend to be paid to each of the outstanding shares representing the paid-in capital stock of the Company, in three equal and quarterly installments of Ps.0.07 Mexican currency per share on the following dates:
(i) |
First Installment: |
September 29, 2010 |
|
(ii) |
Second Installment: |
December 15, 2010 |
|
(iii) |
Third Installment: |
March 15, 2011 |
|
Note was taken that all resources with which the Company will pay the aforementioned cash dividend come from the net tax profit account (Cuenta de utilidad fiscal neta – Cufin), therefore, no amount shall be withheld to the stockholders.
About Financiera Independencia: Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (Independencia), is a Mexican microfinance lender of personal loans to individuals and working capital loans through group lending microfinance. Independencia provides microcredit loans on an unsecured basis to individuals in the low-income segments in Mexico in urban areas of both the formal and informal economy. As of June 30, 2010, Independencia had a total outstanding loan balance of Ps.5,386.7 million, operated 369 offices in Mexico and Brazil and had a total labor force of 11,133 people. The Company listed on the Mexican Stock Exchange on November 1, 2007, where it trades under the symbol "FINDEP". On November 30, 2009 Independencia launched a sponsored Level I American Depositary Receipt (ADR) program in the United States. Each ADR represents 15 shares of Independencia common stock and trades over-the-counter (OTC). More information can be found at www.independencia.com.mx
SOURCE Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R.
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