Bancolombia S A : Proposal for Distribution of Profits.
February 28, 2022 at 03:37 pm EST
Share
Proposal for distribution
of profits
The Board of Directors presents for the consideration of the General Shareholders'
Meeting, a distribution of profits proposal as follows:
The payment of an annual dividend of COP 3,120 per share, payable in four quarterly installments of COP 780 per share per quarter, on the following dates: April 1st, July 1st, October 3rd, 2022 and January 2nd, 2023. The dividends will apply to both outstanding common shares and preferred shares.
The creation of a specific reserve (reserva ocasional) for the strengthening of equity and the entity's future growth in the amount of COP 2.5 billion.
A specific reserve (reserva ocasional) available to the Board of Directors for donations to social benefit projects in the amount of COP 30,000 million.
The following is the proposal for distribution of profits that the Board of Directors Will present for approval in the General Shareholders´ Meeting: (all numbers are in Colombian pesos):
Gross profit 2021
5,243,412,678,921.91
Provisions for income tax and deferred tax
(1,093,709,094,797.78)
Net profit fiscal year 2021
4,149,703,584,124.13
Taxed occasional reserve release
5,991,772,033.96
Untaxed occasional reserve release
804,566,994,006.00
Plus retained earnings recorded in the opening balance sheet and realized during fiscal year 2021
539,096,670,471.71
Plus release of proceeds for payment of preferred shares dividends
57,701,443,512.78
Total to be distributed
5,557,060,464,148.58
Specific reserve for the strengthening of equity and future growth
2,526,160,224,148.58
For the payment of a dividend in respect of 509,704,584 common shares and 452,122,416 preferred
3,000,900,240,000.00
shares, subscribed and paid as of December 31st 2021, in the amount of $3,120 per share, to be paid as
follows: $780 per share per quarter on the following dates: April 1st, July 1st, October 3rd 2022 and
January 2nd 2023.
Specific reserve available to the Board of Directors for donations to social benefit projects
30,000,000,000.00
TOTAL
5,557,060,464,148.58
5,557,060,464,148.58
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Bancolombia SA published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 20:36:16 UTC.
Bancolombia S.A. (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.
BANCOLOMBIA S.A. 
