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Enersis S.A. (ENI)
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ENI » Topics » Foreign exchange risks may affect the U.S. dollar amount of dividends payable to holders of Enersis ADSs adversely.

This excerpt taken from the ENI 20-F filed Mar 16, 2006.

Foreign exchange risks may affect the U.S. dollar amount of dividends payable to holders of our ADSs adversely.

 

Chilean trading in the shares of common stock underlying the ADSs is conducted in pesos. Our depositary bank will receive cash distributions that we make with respect to the shares underlying the ADSs in pesos. The depositary will convert such pesos to U.S. dollars at the then-prevailing exchange rate to make dividend and other distribution payments in respect of ADSs. If the Chilean peso depreciates against the U.S. dollar, the value of the ADSs and any distributions ADS holders receive from the depositary may decrease.

 

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This excerpt taken from the ENI 20-F filed Jun 10, 2005.

    Foreign exchange risks may affect the U.S. dollar amount of dividends payable to holders of Enersis’ ADSs adversely.

Chilean trading in the shares of common stock underlying the ADSs is conducted in pesos. Enersis’ depositary will receive cash distributions that we make with respect to the shares underlying the ADSs in pesos. The depositary will convert such pesos to U.S. dollars at the then-prevailing exchange rate to make dividend and other distribution payments in respect of ADSs. If the Chilean peso appreciates against the U.S. dollar, the value of the ADSs and any distributions ADS holders receive from the depositary may decrease.

EXCERPTS ON THIS PAGE:

20-F
Mar 16, 2006
20-F
Jun 10, 2005

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"Foreign exchange risks may affect the U.S. dollar amount of dividends payable to holders of Enersis ADSs adversely." elsewhere:

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