Business Context and Reporting Period
Company: Macro Bank Inc. (Banco Macro S.A.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: May 6, 2008
Context: This filing announces the payment of a cash dividend approved by the Shareholders' and Board of Directors' meetings held on April 29, 2008.
Key Financial Metrics
The filing focuses on capital distribution rather than operational performance metrics. Key figures include:
- Total Cash Dividend: AR $170,994,743.25
- Dividend Yield on Capital: 25% of corporate capital
- Total Corporate Capital: AR $683,978,973
- Dividend Source (FY 2007 Results): AR $141,000,000
- Dividend Source (Retained Earnings FY 2005): AR $29,994,743.25
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
This filing does not report material changes in operations or financial position compared to prior periods. It serves as a notification of a specific capital distribution event approved in late April 2008.
Guidance, Outlook, and Risks
Dividend Payment Details:
- Payment Date: On or after May 19, 2008
- Record Date: May 16, 2008
- Payment Location: Caja de Valores S.A., Buenos Aires
Tax Contingency: The distribution is not subject to the 35% withholding tax under Argentine Income Tax Law because the distributed dividends do not exceed the income determined in accordance with general provisions of such law.
Investor Verification Checklist
- Verify shareholder registration status as of the May 16, 2008 record date.
- Confirm the availability of funds at Caja de Valores S.A. starting May 19, 2008.
- Review the full FY 2007 financial statements to understand the AR $141,000,000 profit allocation.
- Monitor Argentine tax law interpretations regarding the 35% withholding exemption.