LarramnVial””
ASSETS
Santiago, April 27, 2022
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
Present
ESSENTIAL FACT
ACTIVE INVESTMENT FUND AUTOMOTIVE STRATEGY
Administered by
LARRAÍN VIAL ACTIVOS S.A. ADMINISTRADORA GENERAL DE FONDOS
From our consideration:
Pursuant to the provisions of Articles 9* and 10, second paragraph, of the
Law No. 18.045 on the Securities Market, in relation to Article 18″ of Law No. 20.712
on the Management of Third-Party Funds and Individual Portfolios (hereinafter, the “Management of Third-Party Funds and Individual Portfolios”).
“Law”), being duly authorized, I hereby inform you as follows
essential fact of the Automotive Strategy Active Investment Fund (the “Fund”),
administered by Larraín Vial Activos S.A. Administradora General de Fondos, which with
on April 25, 2022, the extraordinary assembly of contributors to the Fund was held,
in which the following agreements were adopted, among others:
a) It was agreed to create two new quotas series A and B of the Fund, which
have the rights and preferences agreed upon by the Fund’s contributors;
(b) It was agreed to establish an optional procedure for the exchange of Series A quotas;
by the Series B quotas created for that purpose;
c) It was agreed to modify the reference to the periods of five working days by ten days
established for the Administrator to communicate to the contributors of the Fund, the
Exercise of the right of the latter to participate in the partialities obtained from the
decreases in the capital of the Fund, which do not require the approval of the meeting of
contributors, which is established in paragraphs six and seven, of number 4 of the Roman
VII “Corporate Governance Rules” of the Fund’s Internal Regulations, maintained
the rest of the time limits in the manner currently laid down in the rules of procedure of the
Fund” (hereinafter the “Rules of Procedure”). It was agreed to modify the deadline for
ten working days for five working days for the Administrator to report, through the
means established in the Internal Regulations, the corresponding distribution of dividends
whether provisional or definitive, its amount, date and place or method of payment.
1
LarramnVial””
ASSETS
d) The new text of the Rules of Procedure was agreed, in the sense of adapting it to
the modifications agreed at the extraordinary meeting of contributors to the Fund,
in accordance with the provisions of the Law, and its respective regulations, approved by Decree
Supreme Court No. 129 of 2014 of the Ministry of Finance (hereinafter, the “Regulation of
the Law”).
e) It was agreed to deposit the new Rules of Procedure resulting from the
operation described above, in accordance with the procedure defined in the Character Standard
General N* 365 of the Commission for the Financial Market (hereinafter the “CMF”).
f) The creation of two new quotas series D and E of the Investment Fund was agreed
Active – OLX Automotive Debt (the “OLX Fund”);
(g) It was agreed to establish an optional procedure for the exchange of existing quotas
series A and B of the OLX Fund, for the new quotas series D and E to be created for that purpose;
h) It was agreed to modify the reference to the terms of five working days by ten days
skillful established for the Administrator to communicate to the contributors of the Fund
OLX, the exercise of the right of the latter to participate in the partialities obtained
of the capital reductions of the OLX Fund, which do not require the approval of the
Assembly of contributors, which is established in paragraphs six and seven, of number
4 of Letter H “Corporate Governance Rules” of the internal regulations of the OLX Fund,
maintaining the rest of the deadlines in the manner currently established in the
rules of procedure of the OLX Fund;
1) It was agreed to create two new quotas series D and E of the Investment Fund
Activa Deuda Automotriz Global Il (the “Global Fund 11”);
(j) It was agreed to establish an optional procedure for the exchange of existing quotas.
series A and B of the Global Fund Il, for the new quotas series D and E to be created for that purpose;
k) It was agreed to modify the reference to the terms of five working days by ten days
skillful established for the Administrator to communicate to the contributors of the Fund
Global Il, the exercise of the right of the latter to participate in partialities
obtained from the capital reductions of the Global Fund Il, which do not require the
Approval of the Assembly of Contributors, which is established in paragraphs six and
seven, from number 4 of Roman VIII “Corporate Governance Rules” of the Regulation
Internal to the Global Fund Il, maintaining the rest of the terms in the current form
laid down in the rules of procedure of the Global Fund Il; and
D Other agreements necessary to implement the
Decisions of the Extraordinary Assembly of Contributors dated April 25, 2022.
Yours sincerely yours,
LarramnVial””
ASSETS
Or
Claudio Yáñez Fregonara
General Manager
pp. Larraín Vial Activos S.A. Administradora General de Fondos
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=5e39df8964eff3838a2afe15d8bf4e7fVFdwQmVVMXFRVEJOUkVVeVRXcFJlazFCUFQwPQ==&secuencia=-1&t=1682376108
