Fiset Fl Ref Pfd
0.10
BRL
+0.01
(+11.11%)
ISIN
BRFSRFCTF010
Return %
Stock
S&P 500
1Y
11.11
14.39
3Y
-50.00
81.42
5Y
-60.00
68.62
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Miscellaneous
- Industry
- Miscellaneous
- Address
- Brazil
- Similar Companies
- Business
- Fiset Fl Ref Pfd, legally designated as Fundo de Investimentos Setoriais - Florestamento e Reflorestamento, is a Brazilian closed-end sectoral investment fund dedicated to the capitalization, development, and financing of afforestation, reforestation, and commercial silviculture projects throughout Brazil. Established in 1974 pursuant to Federal Decree-Law No. 1,376 and operated by Banco do Brasil S.A., which is headquartered in Brasília, Federal District, Brazil, the fund was created as a specialized fiscal incentive mechanism enabling corporate entities to direct tax obligations into government-approved ecological and forestry ventures. The fund's primary financial instruments and operational activities comprise the issuance and administration of preferred sector fund quotas and Certificates of Participation in Reforestation (CPRs); the provision of long-term developmental capital and equity financing for sustainable timberland, pine, eucalyptus, and native species cultivation; the management of residual tax-incentive credits and capital contributions; the ongoing administration of contractual returns and agricultural yields from participating forestry projects in partnership with federal environmental regulators; and the facilitation of public secondary market liquidity through quota listings on the B3 (Brasil, Bolsa, Balcão) under the ticker symbol FSRF11. In recent years, Fiset Fl Ref Pfd has operated primarily as a legacy runoff vehicle following the discontinuation of new fiscal incentive inflows, concentrating on passive asset administration, portfolio liquidation, and statutory compliance under the regulatory oversight of the Securities and Exchange Commission of Brazil (Comissão de Valores Mobiliários - CVM) and the National Treasury Secretariat. Recent strategic and operational changes include the periodic execution of public quota auctions and federal asset transfer procedures, the full integration of quota registries with modernized B3 central depository and fractional trading systems, and the ongoing judicial and administrative reconciliation of legacy tax credits, corporate claims, and residual distributions for Brazilian institutional and private unitholders.