Pan American Depository Receipt

PDR

A PDR is a balboa, euro or dollar-denominated negotiable certificate, issued in the Republic of Panama, which represents beneficial ownership of shares in publicly traded companies, real estate properties and precious metals. The structure of a PDR includes a ratio, which correlates the receipt to the real value it represents.  

Ø     The PDR representing beneficial ownership of shares can be cancelled for its underlying shares at any time. In addition, it is negotiable and may be transferred at its current value to a third party through Fundacion Pan America or a designated agent.

Ø      The PDR representing beneficial ownership of real estate is negotiable and may be transferred at its current value to a third party through Fundacion Pan America or a designated agent.   

Ø     The PDR representing beneficial ownership of precious metals is negotiable and may be transferred at its current value to a third party through Fundacion Pan America or a designated agent.    

PDRs are exclusively for Beneficiaries of Fundacion Pan America, a Panamanian Private Interest Foundation constituted in accordance with Law 25, of 25^th June 1995 of the Republic of Panama. Authorized to act as a depository for any type of real or financial assets and to hold such assets in safekeeping on behalf of and for the benefit of its beneficiaries, which may be legal entities or natural persons or governments of good standing. 

El PDR es un certificado negociable denominado en Balboas, Euros y/o Dólares emitidos por la Fundación PDR, ente depositario, emisor y de custodio  en la Republica de Panamá, dichos certificados representan beneficio de  usufuctro, de posesión o de participación en determinados valores en custodio que serán comercializados a través de PanAmerica Sociedad Anónima PANAMERSA. El contenido de dicho certificado podrá ser cancelado según su valor real representado en el PDR)