Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on October 16, 2024, by Credicorp Ltd. (a foreign private issuer), reports a material event regarding the finalization of a special dividend distribution. The filing pertains to the month of October 2024 and relates to the subsidiary Banco de Credito del Peru.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The specific financial data disclosed is limited to the dividend calculation parameters:
- Dividend Per Share: US$2.9167 (equivalent to S/11.0000).
- Exchange Rate: S/3.7714 per US Dollar (weighted rate registered by the Peruvian Superintendence of Banking, Insurance and AFP).
- Payment Date: October 18, 2024.
Material Changes
This filing confirms the execution of a special dividend distribution agreement previously adopted by the Board of Directors on August 29, 2024. The material change is the notification of the specific exchange rate used to convert the dividend amount from Peruvian Soles to US Dollars for payment.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the standard disclaimer that the information is not deemed "filed" under Section 18 of the Exchange Act. The document focuses solely on the administrative details of the dividend payout.
Key Facts for Investor Verification
- Verify the record date for the special dividend to ensure eligibility for the US$2.9167 per share payment.
- Confirm the payment date of October 18, 2024, for cash flow planning.
- Review the August 29, 2024, Board resolution details to understand the full scope of the special dividend agreement.
- Note that the dividend amount is fixed in Soles (S/11.0000) and converted to USD based on the specific rate of S/3.7714.