General features

Overview

Pátria Edifícios Corporativos FII is a real estate investment fund managed by Pátria Investimentos. The Fund seeks to generate returns and capital gain through direct or indirect acquisition of corporate buildings located in major Brazilian cities.

Its main characteristics are listed below:

 

Fund Name Pátria Edifícios Corporativos Fundo de Investimento Imobiliário – FII
Corporate Taxpayer’s ID (CNPJ) 30.048.651/0001-12
ISIN BRPATCCTF002
Ticker PATC11
Type and Duration of Fund Closed condominium with indeterminate duration.
ANBIMA Classification FII Renda/Gestão Ativa – Segmento de Atuação: Lajes Corporativas
Fund Manager Pátria Investimentos Ltda.
Fund Administrator Modal Distribuidora de Títulos e Valores Mobiliários Ltda.
Bookkeeper/Custodian Banco Modal S.A.
Market Maker XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.
Number of Quotas 3.700.000
Adminstration fee

The Administrator will receive a fixed and annual remuneration, equivalent to the percentages set forth in the table below, calculated on the market value of the sum of the Fund’s Quotas as of the date of their trading on B3, observing the minimum monthly amount of R$125,000.00 (one hundred and twenty-five thousand reais).

Market Value of the Fund’s Quotas Percentage of Administration Fee (per year)
Up to R$ 300.000.000,00 1,175%
Over R$ 300.000.000,00 and up to R$ 600.000.000,00 1,165%
Over R$ 600.000.000,00 1,150%

he minimum monthly amount described above will be adjusted annually by the accumulated variation of the General Market Price Index (IGP-M/FGV).

Manager Remuneration

The Administration Fee comprises the Manager remuneration.

Distribution of Results

The Administrator will distribute to the Quotaholders (regardless of the Quotaholders’ General Meeting) at least 95% (ninety-five percent) of the profits earned by the Fund, calculated on a cash basis, based on a balance sheet or semi-annual balance sheet ended on June 30 and December 31 of each year.

Profits earned will be distributed to the Quotaholders and paid monthly, always on the 6th (sixth) Business Day of the month subsequent to the receipt of the resources by the Fund, in anticipation of the income of the semester to be distributed, and the eventual balance of undistributed results as anticipated will be paid within a maximum term of 10 (ten) Business Days after the closing of the respective semesters, and this balance may be allocated in accordance to the resolutions at the Quotaholders’ General Meeting, based on any proposal and justification presented by the Manager.