What is the net interest per share after withholding tax for Itaú Unibanco?

The net interest per share after a 15% withholding tax is R$0.413253.

Itaú Unibanco - Material Fact - Payment Of Interest On Capital

Itaú Unibanco Holding S.A. announced the approval of interest on capital payment of R$0.48618 per share, with a net payment of R$0.413253 after a 15% withholding tax.

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Rhea-AI Summary

Itaú Unibanco Holding S.A. announced the approval of interest on capital payment of R$0.48618 per share, with a net payment of R$0.413253 after a 15% withholding tax. This payment, applicable to both common shares (ITUB3) and preferred shares (ITUB4), will be executed by April 28, 2023, based on the stockholding position from December 8, 2022. Shares will trade ex-rights starting December 9, 2022.

Positive

Approval of interest on capital payment of R$0.48618 per share.
Net payment to shareholders after tax is R$0.413253 per share.
Payment date set for April 28, 2023, providing shareholders with timely returns.

Negative

None.

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+1.48% session move Open Argus

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11/28/2022 - 06:51 PM

SÃO PAULO, Nov. 28, 2022 /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, in the amount of R$0.48618 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.413253 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding. Such payment will be made by April 28, 2023, based on the final stockholding position recorded on December 8, 2022, with their shares traded ex-rights starting December 9, 2022.

For further information, please visit www.itau.com.br/relacoes-com-investidores, as follows: investor services > talk to IR > IR investor service.

São Paulo (SP), November 28, 2022.

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 shares (ITUB3) and preferred shares (ITUB4).

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

View original content:https://www.prnewswire.com/news-releases/itau-unibanco---material-fact---payment-of-interest-on-capital-301688311.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 amount approved by Itaú Unibanco for its shareholders?

Itaú Unibanco approved an interest on capital payment of R$0.48618 per share.

When will Itaú Unibanco pay the interest on capital to its shareholders?

The payment will be made by April 28, 2023.

When will shares of Itaú Unibanco start trading ex-rights?

Shares will trade ex-rights starting December 9, 2022.

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

The record date for the payment is December 8, 2022.

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Itaú Unibanco - Material Fact - Payment Of Interest On Capital