ITAÚ UNIBANCO - MATERIAL FACT: Payment of interest on capital

Rhea-AI Summary

SÃO PAULO, June 6, 2024 – Itaú Unibanco's Board of Directors has approved the payment of interest on capital to stockholders at R$0.2510 per share, with a 15% withholding tax, resulting in a net R$0.21335 per share. Corporate stockholders exempt from withholding can receive the full amount. The eligible stockholding position is recorded on June 20, 2024, and shares will trade 'ex-rights' starting June 21, 2024. The payment, combined with the interest declared on March 4, 2024, will be made on August 30, 2024, totaling a net R$0.41888 per share. These amounts are applicable to both common (ITUB3) and preferred (ITUB4) shares.

Positive

• Approval of interest payment on capital at R$0.2510 per share.
• Payment schedule set, with a combined payout date of August 30, 2024.
• Net interest per share after withholding tax is R$0.21335.
• Total net amount to be paid is R$0.41888 per share.
• Interest payments apply equally to common (ITUB3) and preferred (ITUB4) shares.

Negative

• 15% withholding tax reduces net interest to R$0.21335 per share.
• Stockholders must wait until August 30, 2024, for payment.

News Market Reaction – ITUB

-2.62%

1 alert

-2.62% News Effect

On the day this news was published, ITUB declined 2.62%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SÃO PAULO, June 6, 2024 /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 ("IOC") in the amount of R$0.2510 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.21335 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding. The calculation will be based on the final stockholding position recorded on June 20, 2024, with their shares traded "ex-rights" starting June 21, 2024.

The Board of Directors also approved that the interest on capital declared today and the interest on capital already declared on March 4, 2024 (based on the final stockholding position recorded on March 21, 2024), will be paid together on August 30, 2024, in the total net amount of R$0.41888 per share.

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

RENATO LULIA JACOB

Group Head of Corporate Strategy, Investor Relations and Corporate Development

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-302166656.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the interest on capital approved by Itaú Unibanco on June 6, 2024?

Itaú Unibanco approved an interest on capital payment of R$0.2510 per share, with a net payment of R$0.21335 per share after a 15% withholding tax.

When will Itaú Unibanco's stockholders receive the interest on capital payment?

The interest on capital payment will be made on August 30, 2024.

What is the net amount of interest on capital per share for Itaú Unibanco?

The net amount of interest on capital per share is R$0.21335 after withholding tax.

When is the cutoff date to be eligible for Itaú Unibanco's interest on capital?

The cutoff date to be eligible is June 20, 2024.

What are the 'ex-rights' trading dates for Itaú Unibanco's interest on capital?

Shares will trade 'ex-rights' starting June 21, 2024.

What is the total net amount of interest on capital to be paid by Itaú Unibanco?

The total net amount of interest on capital to be paid is R$0.41888 per share.