Itaú Unibanco - Material Fact - Payment Of Interest On Capital

Itaú Unibanco Holding S.A. announced the approval of interest on capital at R$0.306500 per share, netting R$0.260525 after a 15% income tax withholding.

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Rhea-AI Summary

Itaú Unibanco Holding S.A. announced the approval of interest on capital at R$0.306500 per share, netting R$0.260525 after a 15% income tax withholding. This payment will occur on August 30, 2022, based on the stockholding position as of August 18, 2022. Shares will trade ex-rights starting August 19, 2022. The interests apply equally to both common (ITUB3) and preferred shares (ITUB4). Further details can be accessed on their investor relations page.

Positive

Approval of interest on capital enhances shareholder returns.
Interest amount set at R$0.306500 per share, signaling strong financial health.

Negative

None.

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News Market Reaction – ITUB

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08/08/2022 - 06:42 PM

SÃO PAULO, Aug. 8, 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$0.306500 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.260525 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding. Such payment will be made on August 30, 2022, based on the final stockholding position recorded on August 18, 2022, with their shares traded ex-rights starting August 19, 2022.

For further information, please visit www.itau-unibanco.com.br/investor-relations, as follows: investor services > contact IR > IR services.

São Paulo (SP), August 8, 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
Telefone: (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-301601945.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 ITUB in August 2022?

Itaú Unibanco will pay R$0.306500 per share as interest on capital in August 2022.

When will Itaú Unibanco pay the interest on capital?

The payment will be made on August 30, 2022.

What is the net amount after tax for the interest on capital for ITUB?

The net interest after 15% withholding tax will be R$0.260525 per share.

When will ITUB shares trade ex-rights?

Shares will trade ex-rights starting August 19, 2022.

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Itaú Unibanco - Material Fact - Payment Of Interest On Capital