Material Fact - Payment of Interest on Capital

Rhea-AI Summary

On October 14, 2021, Itaú Unibanco Holding S.A. announced its Board of Directors approved the payment of monthly interest on capital for November and December 2021. Shareholders will receive R$0.01765 per share, resulting in a net payment of R$0.015 per share after a 15% income tax withholding. Additionally, an extra interest payment of R$0.264551 per share was approved, yielding a net of R$0.224868 per share, amounting to R$2.199 million. Payments are due by April 30, 2022.

Positive

• Total interest payment is R$2.199 million, enhancing shareholder returns.
• Net amount per share for November and December is R$0.030, which supports income for investors.

Negative

• Shareholders face a 15% income tax withholding on interest payments.

SÃO PAULO, Oct. 14, 2021 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors, as of today, has approved the payment of interest on capital in lieu of the monthly dividend related to November and December 2021, in the amount of R$0.01765 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.015 per share, with the exception of any corporate stockholders able to prove they are immune to or exempt from such withholding, based on the final stockholding positions recorded on October 29, 2021 and November 30, 2021, respectively, as follows:

Base period of the monthly earnings	Date of stockholding position	"Ex rights" date	Payment date	Net amount per share
November	10.29.2021	11.01.2021	12.01.2021	R$0.015
December	11.30.2021	12.01.2021	01.03.2022	R$0.015
TOTAL NET AMOUNT PER SHARE				R$0.030

Furthermore, the Board of Directors, as of today, approved the payment of additional interest on capital, in the amount of R$0.264551 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.224868 per share, with the exception of any corporate stockholders able to prove they are immune to or exempt from such withholding, thus resulting in the total amount of R$2.199 million to be distributed net of taxes, to be paid up to April 30, 2022. Interest will be recorded as credit to the specific account on November 26, 2021, based on the final stockholding position recorded on November 19, 2021, with shares traded "ex-rights" as of November 22, 2021.

If you have any question, please access www.itau.com.br/relacoes-com-investidores as follows: Contact IR > IR services.

RENATO LULIA JACOB
Group Head of Investor Relations and Market Intelligence

Note: Interest on capital amounts are paid equally for common (ITUB3) and preferred (ITUB4) shares.

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

View original content:https://www.prnewswire.com/news-releases/material-fact---payment-of-interest-on-capital-301400909.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the interest payment approved by Itaú Unibanco for November 2021?

The approved interest payment is R$0.01765 per share, resulting in a net of R$0.015 after tax.

When will Itaú Unibanco's interest payments for December 2021 be made?

Payments for December 2021 will be made by January 3, 2022.

What is the total amount distributed to shareholders as interest on capital by Itaú Unibanco?

The total amount distributed is R$2.199 million net of taxes.

What is the effective date for shareholders to be eligible for the interest payments from Itaú Unibanco?

The eligible date for shareholders is based on stockholding positions recorded on October 29 and November 30, 2021.