Grupo Supervielle S.A. current report, Q2 FY2021

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Business Context and Reporting Period

Company: Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), a domestic universal financial services group in Argentina.

Filing Type: Form 6-K (Report of Foreign Issuer).

Reporting Period: April 2021 (specifically regarding the Annual Ordinary and Extraordinary Shareholders Meeting held on April 27, 2021).

Key Financial Metrics

This filing focuses on dividend distribution rather than operational financial performance metrics (revenue, profit, cash flow, debt, or liquidity) for the current period.

  • Total Dividend Distribution: P$ 385,169,488.60.
  • Dividend Yield on Capital: 84.333405670% of outstanding capital.
  • Per Share Amount: P$ 0.84333405670 per outstanding share.
  • Per ADS Amount: P$ 4.21667028350 per American Depositary Share (ADS).
  • Earnings Source: Profits from the fiscal year ended December 31, 2020.

Material Changes

The filing does not report material changes in operational performance compared to prior periods. The primary material event is the approval and announcement of the cash dividend payment derived from 2020 earnings.

Guidance, Outlook, and Management Commentary

Dividend Payment Schedule:

  • Record Date: May 13, 2021.
  • Payment Start Date: May 14, 2021.
  • Payment Method: Via Caja de Valores S.A. for local shareholders and The Bank of New York Mellon for ADS holders.

Tax Considerations:

  • Dividends are not subject to the 7% withholding tax under the Income Tax Law because the underlying profits were taxed at the 35% corporate rate.
  • Dividends may be subject to withholding for the Personal Assets Tax if applicable to specific shareholders.

Regulatory Compliance: The distribution follows General Resolution No. 777/18 of the Argentine Securities Commission regarding currency treatment and price indices.

Investor Verification Checklist

  • Verify the Record Date (May 13, 2021) to confirm eligibility for the dividend.
  • Confirm the payment timeline starting May 14, 2021, through the respective depository or bank.
  • Review personal tax status regarding the Personal Assets Tax withholding.
  • Note that the dividend amount is denominated in Argentine Pesos (P$), subject to local currency fluctuations.