General Assembly Convene

 It's a variable-yield security that provides a fraction by which any person (individual or legal entity) participates in the share capital of the issuing company, converting it into a Shareholder and giving it a share in the company's profits. Moreover, shareholders get benefits for the valuation of the stock price in the Stock Exchange. It is called variable income because its profitability depends on the performance of the company and its profits generated, and variations in the price of the property on the stock market.

It gives its holder a priority in payment of dividends and/or in case of liquidation of the company, the capital repayment. Preferred shares have economic prerogatives that may be cumulative, according to the statutes. However, preferred shares do not have voting rights, with some exceptions.

BBVA Colombia´s preferred shares and no voting rights accrue a minimum preferential dividend to be set in the respective subscription regulation. In any case, the minimum preferential dividend may not be less than the dividend declared for common shares.

The preferred shares without voting rights issued until 1996, will continue to accrue minimum preferential dividend equal to 5% per annum on the subscription price of each share.