EN 
ES 
Dear Participants,
The Board of Inmobiliaria Manquehue S.A. (hereinafter, the "Corporation"), in a meeting held on March 21, 2022, agreed to call an Annual General Shareholders' Meeting at 10 a.m. on April 18, 2022, to address, among other matters, the approval of a final dividend payment chargeable to the net profits of 2021 of $ 2,957,779,930. This dividend corresponds to $5 per share, to be paid from April 29, 2022, to the shareholders registered in the Shareholders' Register by midnight of April 23, 2022.
The above was informed as an Essential Fact on March 22, 2022, to the Financial Market Commission and the market, publishing a first notice of meeting on April 4, 2022, in "La Nación" newspaper.
The Corporation herein informs its shareholders that once the Annual General Shareholders' Meeting has agreed on the distribution of the final dividend proposed, the Corporation will make available a procedure for the shareholders that decide to access the legal provisional and optional regime that considers the payment of a substitutive tax for final taxes (this is, a substitutive tax for a supplementary global tax or additional tax) also known as "ISFUT" (Tax on the accumulated profits in the taxable profits fund), according to provisional article 25 of Law 21 210 and the information contained in Circulars 43/2020 and 39/2021 and Official Letters 215/2021 and 2762/2021 from the Internal Revenue Service - SII (hereinafter "SII Regulation") for which the following information is provided:
Considering the above, we wish to inform the following:
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Following provisional article 25 of Law 21 210 and the SII Regulation, those taxpayers subject to the First Category Tax determined based on full accounting records, as in the case of the Corporation, and that at the end of business years 2021 or 2021, register taxable profits generated until December 31, 2016, and that as such, keep any final taxes outstanding, may choose to pay the ISFUT with a 30% rate, on the part of or the entire remainder, with a deduction as a credit of the corresponding first category tax1. Considering the above, it is informed that after deducting such credits, the applicable effective rate for the ISFUT in the case of Inmobiliaria Manquehue S.A. is 12.17212%.
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The ISFUT payment allows anticipating the final tax filing and payment (global, supplementary, or additional tax) of the income accumulated in the taxable profits fund registry pending being taxed with the said final taxes. The Corporation may distribute it with preference to other profits without being subject to the general orders of allocations.
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After filing and paying the ISFUT, taxation requirements will be met with the income tax on the amounts distributed subject to the ISFUT regime.
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Regarding the dividend to be agreed on the Annual General Shareholders' Meeting of April 18, 2022 (the "Shareholders' Meetings"), the Corporation's shareholders that are entitled to receive such dividend may instruct in writing for the Corporation to pay the ISFUT by way of the tax income law that corresponds to the dividend to which they are entitled, according to the number of shares that they inform and that are registered under their name by midnight of April 23, 2022 (date agreed on the notice of Meeting.)
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For the above, the shareholders who decide to choose this option will have to notify the Corporation authorizing to deduct and use 12.17212% of the dividend on those shares to pay the corresponding ISFUT. In this way, these Shareholders will be in charge of the payment of the corresponding amount of that tax, and thus it will be neutral for the Corporation. The remainder of the dividend will be transferred to the shareholder as usual.
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Those shareholders that decide to instruct the Corporation to manage and obtain their dividends as indicated above must complete the Instructions Form provided attached to this letter and send it to the Corporation by April 25, 2022, at 6:00 p.m. Regarding the shareholders that decide not to send those instructions, it will be understood irrevocably that they have chosen to make their dividends subject to the general taxation regime applicable to that income.
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Shareholders must complete and submit the instructions form by April 25, 2022, at 6 p.m. to the following email address:
This email address is being protected from spambots. You need JavaScript enabled to view it. , with a copy to:This email address is being protected from spambots. You need JavaScript enabled to view it. . -
Those shareholders that decide not to be subject to the ISFUT regime do not need to inform their decision to the Corporation and will receive the dividend for the entire amount agreed upon in the Shareholders' Meeting. The corresponding income will be subject to the general tax rules applicable to these types of income (according to article 14 A No. 4 of the Income Tax Law and Circular No. 73 of 2020, of SII.).
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The Corporation states that this document is provided for informational purposes only, based on the aforementioned legal regulation and SII Regulation. It does not intend to give any specific recommendations. Any decisions made by the shareholders regarding the subject matters addressed are their responsibility and will depend on their independent analysis.
This information and the mentioned instructions have been published on DCV Registro's website (www.dcv.cl) in the "Newsletter" section under the "News Center" menu.
Instructions Form for the ISFUT payment
option of Inmobiliaria Manquehue S.A.
Statement Letter on the Payment of
the Substitutive Tax For Final Taxes (ISFUT)"
of Inmobiliaria Manquehue S.A.
For more information, please contact
the Shareholders' Service Department.
