Material Fact: Payment of Interest on Capital

Rhea-AI Summary

Itaú Unibanco Holding S.A. announced that its Board of Directors approved the payment of interest on capital as a substitute for the monthly dividend for 2022. The payment amounts to R$0.01765 per share, equivalent to a net interest of R$0.015 after a 15% withholding tax. This decision affects both common (ITUB3) and preferred (ITUB4) shares, with scheduled payments starting from February 1, 2022, and continuing through January 2023, covering monthly accruals for the entire year.

Positive

• Scheduled payments of R$0.015 per share provide consistent returns to shareholders.
• Interest on capital may be more tax-efficient for certain investors compared to dividends.

Negative

• Shifting from dividends to interest on capital could signal reduced liquidity.
• The withholding tax may discourage some investors from receiving these payments.

SÃO PAULO, Dec. 10, 2021 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. announces to its stockholders that its Board of Directors approved, on this date, the payment of interest on capital in replacement of the monthly dividend for the year 2022, in the amount of R$0.01765 per share, with a 15% withholding income tax, resulting in net interest of R$0.015 per share, with the exception of any corporate stockholders that can prove they are exempt from such withholding, in accordance with the schedule below:

Month of Accrual	Base date Date of the last trading day at B3	Individualized Credit	Payment
January	December 30, 2021	January 31, 2022	February 01, 2022
February	January 31, 2022	February 25, 2022	March 02, 2022
March	February 25, 2022	March 31, 2022	April 01, 2022
April	March 31, 2022	April 29, 2022	May 02, 2022
May	April 29, 2022	May 31, 2022	June 01, 2022
June	May 31, 2022	June 30, 2022	July 01, 2022
July	June 30, 2022	July 29, 2022	August 01, 2022
August	July 29, 2022	August 31, 2022	September 01, 2022
September	August 31, 2022	September 30, 2022	October 03, 2022
October	September 30, 2022	October 31, 2022	November 01, 2022
November	October 31, 2022	November 30, 2022	December 01, 2022
December	November 30, 2022	December 29, 2022	January 02, 2023

If you have any questions, please access www.itau.com.br/relacoes-com-investidores and follow the route: Contact IR > IR Services.

RENATO LULIA JACOB

Group Head of Investor Relations and Market Intelligence

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

View original content:https://www.prnewswire.com/news-releases/material-fact-payment-of-interest-on-capital-301442541.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the payment amount per share for Itaú Unibanco in 2022?

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

When will Itaú Unibanco start making interest payments on capital?

Interest payments will start from February 1, 2022, and continue through January 2023.

How does the interest on capital payment work for ITU and ITUB stocks?

The interest on capital is paid equally for both common (ITUB3) and preferred (ITUB4) shares.

Is the interest on capital for Itaú Unibanco subject to withholding tax?

Yes, there is a 15% withholding income tax applied to the interest on capital payments.