Business Context and Reporting Period
Company: Macro Bank Inc.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 26, 2011
Context: The filing serves as a formal notice to the Comisión Nacional de Valores and shareholders regarding the approval and payment schedule of a cash dividend. The dividend was approved by the General and Special Shareholders' Meeting and the Board of Directors on April 26, 2011.
Key Financial Metrics
- Cash Dividend Amount: AR $505,312,392.80
- Outstanding Capital Stock: AR $594,485,168
- Dividend Coverage: Represents 85% of the outstanding capital stock.
- Source of Funds: Derived from the results of the fiscal year 2009.
- Withholding Tax: The distribution is not subject to the 35% withholding tax under Argentine Income Tax Law as it does not exceed determined income.
Note: The filing does not provide specific figures for revenue, profit, cash flow, margins, debt, or liquidity beyond the dividend amount and capital stock.
Material Changes
This filing does not report material changes in financial performance compared to a prior period. It specifically announces a corporate action (dividend payment) based on historical results from fiscal year 2009.
Guidance, Outlook, and Unusual Items
- Payment Schedule: Dividends will be available from May 11, 2011.
- Record Date: Shareholders must be registered in the Book of Shares as of May 10, 2011.
- Payment Location: Caja de Valores S.A., 25 de Mayo 362, Capital Federal (Mondays to Fridays, 10 am to 3 pm).
- Tax Status: No unusual tax contingencies; the dividend is exempt from the specific 35% withholding provision.
Investor Verification Checklist
- Verify shareholder registration status in the Book of Shares by May 10, 2011.
- Confirm the exact dividend amount per share based on the total payout of AR $505,312,392.80.
- Validate the tax exemption status regarding the 35% withholding under Argentine Income Tax Law.
- Review the fiscal year 2009 financial statements to understand the source of the distributed funds.