KLBN11

Klabin S.A. units, traded under the ticker KLBN11, represent a composite financial instrument consisting of one common share and four preferred shares of Brazil's largest producer and exporter of paper for packaging. As a vertically integrated entity, Klabin operates across the entire forestry and pulp value chain, maintaining a significant presence in the production of kraftliner, recycled paper, and industrial sacks. The unit structure provides exposure to the company's diversified business model, which balances commodity-linked pulp exports with value-added paper packaging solutions.