Grupo Cibest (CIB) director reports indirect pension fund-linked exposure
Rhea-AI Filing Summary
Grupo Cibest S.A. director Andres Felipe Mejia Cardona filed an initial Form 3 reporting indirect holdings through pension fund-style vehicles. One position represents units in a fund held by his son, tied to an underlying 193,227.0340 Grupo Cibest common and preferred shares equivalent, while another represents his own institutional voluntary pension fund units tied to 71,490.8827 underlying shares. Both funds are administered by third-party managers, invest mainly in Grupo Cibest equity with some liquid assets and cash, and amounts are payable solely in cash based on fund value at withdrawal. The footnotes state that neither the son nor the director has voting or investment discretion over these assets and that the issuer determines the fund’s strategic asset allocation, so this filing mainly documents existing indirect economic exposure rather than new share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Units in a Fund that invests in Grupo Cibest | -- | -- | -- |
| holding | Units in Grupo Cibest Equity Securities Fund | -- | -- | -- |
Footnotes (1)
- The reported securities represent units held by the son of reporting person in a voluntary pension fund administered by a third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of liquid assets and cash. The son of reporting person does not have voting or investment discretion with respect to the assets held by the fund, and the issuer has determined the strategic asset allocation of the fund. Amounts attributable to the reported units are payable solely in cash upon withdrawal determined by reference to the value of the underlying fund assets on the date of withdrawal. The instrument has no expiration date The reported securities represent units held by the reporting person in an institutional voluntary pension fund sponsored by the issuer and administered by a third-party manager. The fund is unitized and invests primarily in Grupo Cibest common and preferred shares, together with a small amount of liquid assets and cash. The reporting person does not have voting or investment discretion with respect to the assets held by the fund, and the issuer has determined the strategic asset allocation of the fund. Amounts attributable to the reported units are payable solely in cash upon withdrawal determined by reference to the value of the underlying fund assets on the date of withdrawal.
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