What is the Distribution Policy of CIRCULAR HOUSES S.A.S.?
This document is informational only and does not modify or supersede the Bylaws or the Share Subscription Agreement of CIRCULAR HOUSES S.A.S. In case of conflict, the Bylaws shall prevail.
1. Frequency
The project's net profits, once the statutory distribution cascade has been applied (10% legal reserve and an operational reserve equivalent to three to four months of documented fixed costs), are distributed monthly, no later than the fifteenth (15th) business day of each calendar month.
2. How you receive your distribution
Profits are credited to an individual digital balance within the Circular Urban platform, tracked separately for each shareholder.
This balance is not automatically transferred to your bank account. You decide when to request the withdrawal from the platform, whenever you prefer.
3. Withholding tax
Each distribution is subject to withholding tax at the legal rate in effect (currently 10% for resident natural persons, in accordance with Article 242 of the Colombian Tax Code).
This withholding does not exempt you from your obligation to file according to your particular tax situation. We recommend consulting your accountant.
4. Withdrawal request
You can request a withdrawal of your balance at any time, provided that the net available balance after withholding is equal to or greater than 50,000 COP (or its equivalent in foreign currency at the Colombian Representative Market Rate in effect on the date of the request).
5. Transfer costs
Withdrawals carry a bank transfer cost that is deducted from the amount to be sent and varies depending on whether your account is domestic or international.
This cost is shown and confirmed at the moment you request the withdrawal from the platform, before you confirm the operation, so you will always know exactly how much you will receive before accepting.
The current fees are published in the Provider Fee Schedule, available on the platform, and may be updated with a minimum of 30 days' prior notice.
6. If you sell your shares
If you transfer your shares through Circular Market, the accrued dividend balance up to the date of the transfer belongs to you as the seller and is settled in the same transfer operation.
7. Tracking
You will receive an email notification when the distribution is made, and you can view the details in your dashboard at any time.
Circular Urban Colombia S.A.S. — Document subject to updates in accordance with the applicable Issuance and Placement Regulations.