Itaú Corpbanca Files Material Event Notice announcing Dividend Distribution Proposal

Rhea-AI Summary

ITAÚ CORPBANCA (NYSE: ITCB) filed a Material Event Notice with the Chilean Financial Market Commission, proposing to distribute 30% of 2021 profits as a dividend to shareholders. This equates to Ch$83,341,869,534, resulting in a proposed dividend of Ch$0.0856089775 per share, pending approval at the ordinary shareholders' meeting. The notice follows a prior announcement from June 10, 2021. For more details, visit the company's investor relations website.

AI-generated analysis. Not financial advice.

Positive

• Proposed dividend of Ch$0.0856089775 per share demonstrates company profitability and commitment to returning value to shareholders.
• Total dividend amounting to Ch$83,341,869,534 reflects strong financial performance in the 2021 fiscal year.

Negative

• None.

News Market Reaction – ITCB

-6.39%

1 alert

-6.39% News Effect

On the day this news was published, ITCB declined 6.39%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SANTIAGO, Chile, Feb. 23, 2022 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced that it filed today a Material Event Notice with the Chilean Financial Market Commission reporting the proposal of the Board of Directors to the ordinary shareholders' meeting to distribute the equivalent of 30% of the 2021 fiscal year profits as a dividend to the shareholders, as previously informed by a Material Event Notice dated June 10, 2021. This percentage represents an aggregate amount equal to Ch$83,341,869,534 which, if approved, a dividend of Ch$0.0856089775 per share would be payable among the total of 973,517,871,202 validly issued shares of the Bank. The Material Event Notice is available on the company’s investor relations website at ir.itau.cl.

Investor Relations – Itaú Corpbanca

+56 (2) 2660-1751 / IR@itau.cl / ir.itau.cl

FAQ

What is the proposed dividend amount for ITCB shareholders?

The proposed dividend for ITCB shareholders is Ch$0.0856089775 per share.

When will the dividend for ITCB shareholders be paid?

The dividend payment date will be determined after approval at the ordinary shareholders' meeting.

What percentage of profits is being proposed for dividend distribution by ITCB?

ITAÚ CORPBANCA is proposing to distribute 30% of their 2021 fiscal year profits as dividends.

How much total dividend amount is proposed for ITCB?

The total proposed dividend amount is Ch$83,341,869,534.

Where can I find the Material Event Notice for ITCB?

The Material Event Notice is available on ITAÚ CORPBANCA's investor relations website.