Material Fact: Payment of Interest on Capital

ITAÚ UNIBANCO HOLDING S.A. announced that its Board of Directors approved the payment of earnings to shareholders by April 30, 2021.

Rhea-AI Summary

ITAÚ UNIBANCO HOLDING S.A. announced that its Board of Directors approved the payment of earnings to shareholders by April 30, 2021. This includes interest on capital at R$0.063960 per share, subject to a 15% withholding tax, resulting in a net payment of R$0.0543660 per share. This payment applies to both common (ITUB3) and preferred (ITUB4) shares, with corporate stockholders potentially exempt from withholding if they can prove immunity. The final stockholding position will be assessed as of December 10, 2020.

Positive

• Interest on capital payment of R$0.063960 per share approved.
• Net interest of R$0.0543660 per share after tax withholding.
• Payment applicable to both common (ITUB3) and preferred (ITUB4) shares.

Negative

• None.

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SÃO PAULO, Nov. 26, 2020 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that the Board of Directors, at the meeting held on November 26, 2020, has approved the payment up to April 30, 2021 of the following earnings to stockholders, based on the final stockholding position recorded on December 10, 2020:

interest on capital, in the amount of R$0.063960 per share, with withholding income tax at the rate of 15%, which will result in net interest of R$0.0543660 per share, with the exception of any corporate stockholders able to prove they are either immune to or exempt from such withholding.

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

ALEXSANDRO BROEDEL
Group Executive Finance Director and Head of Investor Relations

Note: Dividends and interest on capital are paid equally 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/material-fact-payment-of-interest-on-capital-301181066.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 shareholders?

The approved interest on capital payment is R$0.063960 per share, resulting in a net payment of R$0.0543660 after a 15% withholding tax.

When will Itaú Unibanco pay the interest on capital?

Itaú Unibanco intends to pay the interest on capital by April 30, 2021.

What is the record date for Itaú Unibanco's interest on capital payment?

The final stockholding position for the interest payment will be recorded on December 10, 2020.

Are common and preferred shares treated the same for the dividend payment?

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