The representation of the economic and political rights of the foreign portfolio investor generates events that must be informed so that the delegations of votes are carried out or the resources are transferred abroad.

These events can be classified into:

1. Patrimonial Rights – Payment of Dividends or Coupons:
   
   The process flow begins with the notification of the payment to the Central Securities Depository and the market. In this case, the attorney-in-fact consults or receives information from various external sources such as price vendors or information providers, central securities depositories or the website of the Financial Superintendency of Colombia. Subsequently, the respective depository performs a reconciliation of the payment with the issuer and notifies the depositors of the payment; with this information, the parent proceeds to validate the information, translate and communicate the event to the foreign portfolio investor.

Once the deposit transfers the resources into the depositor's single account in the Deposit Account System –CUD in Spanish–, the attorney-in-fact proceeds to validate the payment in the CUD against the payment reported by the Depositor, calculates the taxes if applicable or determines the taxes applied by the issuer, transfers the resources to the foreign portfolio investor clearing and settlement account and notifies the client of compliance with the operation.

2. Delegation of Vote:
   
   The attorney-in-fact permanently consults the website of the Financial Superintendency of Colombia to gather information related to the calls for meetings and their agenda, this information must be translated into the official language of the foreign portfolio investor to ensure adequate and timely decision-making. Once the attorney-in-fact has the client's decision, they consolidate the information to perform the representation of the foreign portfolio investor either directly or through a law firm. 

The following are the events about which the foreign portfolio investor makes decisions:

• Mandatory Events: The foreign portfolio investor does not have the option to choose, meaning that the event is only reported. An example of this is the distribution of cash dividends, the payment of interest on a security.
   
• Mandatory Events with Election: The foreign portfolio investor has the possibility to choose between several options, for example, payment of dividends or kind, the election of the members of the board of directors.
   
• Voluntary Events: The foreign portfolio investor has the possibility of participating or not, in the event of non-election, the event expires. E.g.: foreign exchange offers.