Contact Information: Contacts: CORPBANCA: Pablo Mejia Ricci, CGA Head of Investor Relations Santiago, Chile Tel: (562) 660-2342 investorrelations@corpbanca.cl Capital Link: Nicolas Bornozis President New York, USA Tel: (212) 661-7566 nbornozis@capitallink.com
CORPBANCA Announces Proposed Dividend Payment
| Source: Corpbanca
SANTIAGO, CHILE--(Marketwire - January 28, 2008) - CORPBANCA (NYSE : BCA ), a Chilean financial
institution offering a wide variety of corporate and retail financial
products and services across all segments of the Chilean financial market,
today notified the Superintendencia de Valores y Seguros of Chile (the
local securities regulatory agency) of the following material event:
The Board of Directors of CORPBANCA during its session held on January 22,
2008 has decided to disclose to the general public as a material event its
resolution to call an Ordinary General Shareholders' Meeting to be held on
February 26, 2008, for the purpose of submitting to the shareholders'
consideration those matters of their competence, among others, to approve
at said General Shareholders' Meeting the balance sheet and financial
statements for the fiscal year ended 2007 and to decide on the distribution
of a dividend representing 100% of the net income for 2007 of
Ch$51,049,099,909. This means a dividend per share of Ch$0.22497540660054
would be distributed, which if approved, will be paid at the end of the
Shareholders' Meeting. In the event the distribution of dividends is
approved in the terms set forth above, those shareholders of record as of
the fifth business day prior to the dividend payment date will be entitled
to receive the dividend. In addition, the Board of Directors will propose
to the General Shareholders' Meeting to adopt as dividend policy the
distribution of at least 50% of the corresponding period earnings.