Business Context and Reporting Period
This Form 6-K filing by Banco de Chile (Bank of Chile) covers the period ending March 31, 2010. The document serves as a notice to shareholders regarding the convening of the General Ordinary and General Extraordinary Shareholders Meetings scheduled for March 25, 2010, in Santiago, Chile.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the current or prior periods. It references the Annual Report and Financial Statements for the year ended December 31, 2009, which were published separately.
Dividend Information:
- Dividend Number: 198
- Amount: Ch$3.496813 per share
- Source of Funds: Represents 100% of the Bank's net income for the fiscal year 2009.
- Payment Timing: Immediately after the Shareholders Meeting if approved.
Material Changes
The filing does not report material changes in financial performance or operations. The primary material event is the proposed amendment to the Bank's by-laws to introduce a transitory provision defining "net income to be distributed" to comply with a 1996 agreement between the Central Bank of Chile and SM Chile S.A.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors has scheduled the meetings to approve the 2009 financial statements, distribute net income, and address governance matters including director remuneration and auditor nomination.
Contingencies and Unusual Items: The Extraordinary Shareholders Meeting is specifically called to amend by-laws to ensure compliance with a regulatory agreement dated November 8, 1996.
Risks: No specific risk factors are detailed in this filing text.
Key Facts for Investor Verification
- Verify the approval of the 2009 Annual Report and Financial Statements at the March 25, 2010 meeting.
- Confirm the payment of Dividend No. 198 (Ch$3.496813 per share) representing 100% of 2009 net income.
- Check the outcome of the by-law amendment regarding the definition of "net income to be distributed."
- Review the full 2009 Financial Statements and Auditor's Report available at www.bancochile.cl or in the newspaper "Estrategia" (February 8, 2010 edition).
- Note the record date for shareholder participation is March 19, 2010.