The Dividend Withholding Tax rate for foreign investors in Chilean equities used to be 35%. This rate has been reduced to 23.9041123%. This is a welcome news for ADR holders. Below is the YTD returns of Chilean ADRs trading on the US exchanges: Click to enlarge Source: BNY Mellon Last year Lithium miner Soc. Quimica …
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Banco de Chile(BCH) is one of the largest banks in Chile. The ADR closed at $88.26 on Friday but reached over $104 in the beginning of this year. According to a new from the depository the ADR will have a split in the ratio of 3:1 soon. The details of the split are noted below: …
Chilean firm Viña Concha y Toro S.A is a wine maker and distributor of wines and other alcoholic beverages. The company’s ADR used to trade on the NYSE under the ticker VCO. Vina voluntariy delisted its ADRs from the NYSE effective July 12, 2018. Below are the details of the termination notice: You are hereby notified, …
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Chile is one of the attractive markets for income investors. Among the major emerging markets, Chile is one of the widely followed ones due to its importance of commodities especially copper and lithium. Next to Mexico, the Chilean equity market can be considered as the most stable and well developed equity market in Latin America. One …
The stock market in Chile collapsed when socialist president Allende was elected back in the 1970s but soared when he was overthrown and military dictator Pinochet seized power. Economic growth can be achieved either by the ballot or by the bullet. Or to put it another way democratic means of political system can drive economic …