Itaú Unibanco Holding S.A.: Material Fact: Payment of Interest on Capital

On March 16, 2021, Itaú Unibanco Holding S.A. announced the approval of the payment of interest on capital to shareholders, effective by December 31, 2021.

Rhea-AI Summary

On March 16, 2021, Itaú Unibanco Holding S.A. announced the approval of the payment of interest on capital to shareholders, effective by December 31, 2021. Shareholders will receive R$0.05064 per share, subject to a 15% withholding tax, yielding a net amount of R$0.043044 per share for most investors. This payout applies equally to both common (ITUB3) and preferred (ITUB4) shares. The final stockholding position cut-off is March 25, 2021.

Positive

• Approval for R$0.05064 interest on capital per share.
• Provides net payment of R$0.043044 per share after tax.
• Equally applies to both common (ITUB3) and preferred (ITUB4) shares.

Negative

• 15% withholding tax reduces the actual payout for shareholders.

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SÃO PAULO, March 16, 2021 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved as of today, March 16, 2021, the payment up to December 31, 2021 of the following earnings to stockholders, based on the final stockholding position recorded on March 25, 2021:

interest on capital, in the amount of R$0.05064 per share, with a 15% withholding income tax, which will result in net interest of R$0,043044 per share, with the exception of any corporate stockholders able to prove they are either immune or exempt from such withholding.

If you have any question, please click on www.itau.com.br/relacoes-com-investidores as follows: Contact IR > Service.

São Paulo (SP), March 16, 2021.

 RENATO LULIA JACOB
Group Head of Investor Relations and Market Intelligence

Note: Interest on capital is equally paid for common (ITUB3) and preferred (ITUB4) shares.

Itaú Unibanco – Comunicação Corporativa
(11) 5019-8880 / 8881 – imprensa@itau-unibanco.com.br

 

 

View original content:http://www.prnewswire.com/news-releases/itau-unibanco-holding-sa-material-fact-payment-of-interest-on-capital-301248859.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the interest on capital payment for Itaú Unibanco announced on March 16, 2021?

Itaú Unibanco announced an interest on capital payment of R$0.05064 per share, resulting in a net amount of R$0.043044 after a 15% withholding tax.

When is the cutoff date for the stockholding position for the interest on capital payment?

The cutoff date for the stockholding position is March 25, 2021.

What is the total interest on capital for Itaú Unibanco shareholders?

The total interest on capital announced is R$0.05064 per share for shareholders.

How does the withholding tax affect the interest on capital payment for Itaú Unibanco?

The 15% withholding tax on the interest on capital payment reduces the net amount received by shareholders to R$0.043044 per share.

Does the interest on capital payment apply to both common and preferred shares?

Yes, the interest on capital payment applies equally to both common (ITUB3) and preferred (ITUB4) shares.