ITAÚ UNIBANCO - Material Fact: Payment of Interest on Capital

Rhea-AI Summary

Itaú Unibanco Holding S.A. (ITUB) has announced a payment of interest on capital (IOC) to stockholders. The Board of Directors approved a payment of R$0.27298 per share, with a 15% income tax withholding, resulting in a net interest of R$0.232033 per share. The payment will be made by April 30, 2025, based on the stockholding position as of September 19, 2024. Shares will trade 'ex-rights' starting September 20, 2024. This payment applies equally to both common (ITUB3) and preferred (ITUB4) shares. Corporate stockholders may be exempt from tax withholding if they can prove immunity or exemption.

Positive

• Approval of interest on capital payment to stockholders
• Equal treatment for common and preferred shareholders

Negative

• None.

News Market Reaction – ITUB

-1.06%

-1.06% Session move

In the trading session that priced this news, ITUB declined 1.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SÃO PAULO, Aug. 29, 2024 /PRNewswire/ -- MATERIAL FACT:

ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved, at the meeting held on this date, the payment of interest on capital to stockholders ("IOC") in the amount of R$0.27298 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.232033 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding, which will be made until April 30, 2025. The calculation will be based on the final stockholding position recorded on September 19, 2024, with their shares traded "ex-rights" starting September 20, 2024.

For further information, please visit on www.itau.com.br/investor-relations as follows: Menu > Investor Services > Contact IR.

GUSTAVO LOPES RODRIGUES 
Investor Relations Officer

Note: The amounts paid per share as interest on capital are the same for common (ITUB3) and preferred (ITUB4) shares.

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

View original content:https://www.prnewswire.com/news-releases/itau-unibanco---material-fact-payment-of-interest-on-capital-302234553.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the amount of interest on capital (IOC) approved by Itaú Unibanco (ITUB) for shareholders?

Itaú Unibanco (ITUB) approved an interest on capital payment of R$0.27298 per share, with a net amount of R$0.232033 per share after 15% income tax withholding.

When will Itaú Unibanco (ITUB) pay the announced interest on capital?

Itaú Unibanco (ITUB) will make the interest on capital payment by April 30, 2025.

What is the ex-dividend date for Itaú Unibanco's (ITUB) interest on capital payment?

The ex-dividend date for Itaú Unibanco's (ITUB) interest on capital payment is September 20, 2024. Shares will trade 'ex-rights' from this date.

Is there a difference in the interest on capital payment for ITUB3 and ITUB4 shares?

No, there is no difference. Itaú Unibanco (ITUB) confirmed that the interest on capital payment is the same for both common (ITUB3) and preferred (ITUB4) shares.