Macro Bank Inc. Form 6-K Summary
Business Context and Reporting Period
Macro Bank Inc., a foreign private issuer based in Buenos Aires, Argentina, filed this Form 6-K on September 8, 2009. The filing serves as a notice to shareholders regarding the payment of a cash dividend approved by the Shareholders' Meeting on April 21, 2009, and the Board of Directors' Meeting on September 4, 2009.
Key Financial Metrics
The filing discloses specific dividend distribution figures but does not provide comprehensive financial statements such as revenue, profit, cash flow, margins, debt, or liquidity ratios for the current period.
- Total Cash Dividend: AR $148,334,320.25
- Dividend Percentage: 25% of outstanding capital stock
- Outstanding Capital Stock: AR $593,337,281
- Dividend Source (FY 2008 Results): AR $139,834,320.25
- Dividend Source (Retained Earnings FY 2007): AR $8,500,000
Material Changes
The filing does not report material changes in operations, revenue, or financial position compared to prior periods. The primary event is the execution of a dividend payment plan approved in previous meetings.
Guidance, Outlook, and Risks
Dividend Payment Details:
- Record Date: September 14, 2009
- Payment Date: Available from September 15, 2009
- Payment Location: Caja de Valores S.A., 25 de Mayo 362, Capital Federal (Mon-Fri, 10 am - 3 pm)
Investor Verification Checklist
- Verify the record date of September 14, 2009, to confirm eligibility for the dividend.
- Confirm the availability of funds at Caja de Valores S.A. starting September 15, 2009.
- Review the breakdown of dividend sources (FY 2008 results vs. FY 2007 retained earnings) to understand capital allocation.
- Validate the tax exemption status regarding the 35% withholding provision under Argentine law.