FSOCIAL23 is the result of the placement of a Fibra-E on the Mexican Stock Exchange (BMV) by MIP, a leading manager of Infrastructure and Energy Investment Funds.
MIP is formed by a team with regional and international experience, with a long track record in structuring and raising investment funds, strong relationships with key players in the sector, and extensive experience in asset management.
FSOCIAL23 is a vehicle whose primary objective is to invest in shares and equity interests, representative of the capital stock of Eligible Companies and distribute the amounts generated by the Eligible Companies to the Certificate Holders.
It is important to mention that MIP is the only Infrastructure Manager in Mexico that has successfully placed two Fibra-Es (FEXI 21 and FSOCIAL 23) in the Mexican stock market and that has the capacity and experience necessary to simultaneously manage two vehicles of such nature.
Based on the above, MIP consolidates its position as the most important Infrastructure Manager and Operator in Mexico by operating four CKD's, one CERPI and two FIBRA-Es which, as a whole, have assets under management of more than US $10.9 billion.
FSOCIAL23 initially invested in shares representing the capital stock of the following.
Eligible Companies:
It was constituted on October 17, 2022, executed between México Infrastructure Partners F2, S.A.P.I. de C.V. as Trustor and Administrator, Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, as Trustee and Monex Casa de Bolsa, S.A. de C.V. Monex Grupo Financiero, as Common Representative.
According to the applicable legislation, Fibra-E and their eligible assets are tax transparent. The corresponding taxes will be paid at an investor level according to each shareholders’ participation and tax regime. At least 70% of the average annual net value of a Fibra-E will be invested in shares of eligible assets and 95% of its tax results will be distributed annually to shareholders before the 15th March following the end of each fiscal year.
The main tax features include the following:
01.
There is no obligation to pay provisional income tax (ISR) by the Qualifying Companies or by Fibra-E. de Impuesto Sobre la Renta (ISR) por parte de las Sociedades Elegibles, ni por la Fibra E.
02.
The sale of the Certificates issued by Fibra-E through the Mexican Stock Exchange is tax exempt for individuals and foreigners.
03.
Eligible Companies will not be required to withhold income tax (ISR) of 10% on dividend payments
04.
At least 70% of the average annual net value of Fibra-E will be invested in shares of Eligible Companies and 95% of their taxable income will be distributed annually to CBF holders no later than March 15 following the end of the fiscal year.
