ITAÚ UNIBANCO - MATERIAL FACT - PAYMENT OF INTEREST ON CAPITAL

Rhea-AI Summary

ITAÚ UNIBANCO HOLDING S.A. has announced the approval from its Board of Directors for the payment of interest on capital to shareholders. The total amount is set at R$0.262 per share, resulting in a net payment of R$0.2227 per share after a 15% income tax withholding. This payment is scheduled for August 31, 2023, based on the final shareholding recorded on March 23, 2023, with shares trading ex-rights from March 24, 2023. Common (ITUB3) and preferred (ITUB4) shares will receive the same amount.

Positive

• Approval of interest on capital payment of R$0.262 per share.
• Net interest payment of R$0.2227 after tax withholding.
• Scheduled payment date of August 31, 2023.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SÃO PAULO, March 13, 2023 /PRNewswire/ -- 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, in the amount of R$0.262 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.2227 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding, which will be made  on August 31, 2023, as usually done by the Company, based on the final stockholding position recorded on March 23, 2023, with their shares traded ex-rights starting March 24, 2023. 

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

RENATO LULIA JACOB

Group Head of Investor Relations and Market Intelligence

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

ITAÚ UNIBANCO HOLDING S.A.

CNPJ 60.872.504/0001-23                                           A Publicly-Held Company                                            NIRE 35300010230

View original content:https://www.prnewswire.com/news-releases/itau-unibanco---material-fact---payment-of-interest-on-capital-301770757.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the amount of interest on capital announced by ITUB?

ITAÚ UNIBANCO has announced an interest on capital of R$0.262 per share.

When will the interest on capital payment be made for ITUB?

The interest on capital payment will be made on August 31, 2023.

What is the net interest per share for ITUB shareholders?

The net interest per share for ITUB shareholders is R$0.2227 after a 15% tax withholding.

When do ITUB shares start trading ex-rights?

ITUB shares will start trading ex-rights on March 24, 2023.

What record date is used for the interest on capital payment for ITUB?

The record date for the interest on capital payment is March 23, 2023.