The company consolidates financial strength
Fondo de Valores Inmobiliarios (leading company in the Venezuelan capital market) is dedicated to invest, to promote, and to competitively manage real estate. The Board of Directors of the Fondo de Valores Inmobiliarios S.A.C.A. (FVI,) in session of July 23rd 2014, acting as delegated by Shareholders Assembly of May 2nd 2014; agreed upon issuing a dividend payment, in cash, of fifty-two million, nine hundred fifteen thousand, five hundred ninety-two Bolivares (VEF. 52,915,592.00;) after withholding Income tax- such withholding tax payment will be made on August 8th, 2014.
Also, the Board of Directors agreed to request authorization to the National Superintendence of the Capital Market (Superintendencia Nacional de Valores, in Spanish) to increase social capital of the company, due to undistributed profits equal to VEF one hundred forty-four million, seven hundred thirty-eight thousand, one hundred and forty-six (VEF. 144,738,146.00.) Once social capital increase is passed and appropriate legal proceedings have been completed, dividend of shares shall be paid in compliance with “Law of the Capital Market” and “Regulations on information of the payment of dividends that companies, that make publicly offer of shares, must provide.”
Fondo de Valores Inmobiliarios (FVI) (founded in 1992) is a company specialized in the financial and real estate business. It is listed on the Caracas Stock Exchange (BVC, in Spanish) and in the New York Stock Exchange (NYSE) under a program level I of ADR. These characteristics have made the FVI one of the most active private companies of the country in the corporate bond market.