ITAÚ UNIBANCO HOLDING S.A.: Material Fact: Payment of Interest on Capital

Rhea-AI Summary

ITAÚ UNIBANCO HOLDING S.A. announced the approval of earnings payment to stockholders, effective May 13, 2021. Stockholders will receive interest on capital amounting to R$ 0.04874 per share, with 15% withholding tax, resulting in a net interest of R$ 0.041429 per share. This payment is a partial prepayment of total dividends related to 2021 results, supplementing any future dividends declared. The shares will be traded "ex-rights" starting May 25, 2021, based on stockholding positions as of May 24, 2021.

Positive

• Approval of R$ 0.04874 per share interest on capital for stockholders.
• Net interest of R$ 0.041429 per share after tax.
• Partial prepayment of future dividends enhances shareholder returns.

Negative

• None.

SÃO PAULO, May 13, 2021 /PRNewswire/ -- ITAÚ UNIBANCO HOLDING S.A. informs its stockholders that its Board of Directors has approved as of today, on May 13, 2021, the payment up to December 31, 2021 of the following earnings to stockholders, based on the final stockholding position registered on May 24, 2021, with its shares traded "ex-rights" as of May 25, 2021:

Interest on capital, in the amount of R$ 0.04874 per share, with a 15% withholding income tax, resulting in net interest of R$ 0.041429 per share, with the exception of any corporate stockholders who are proven to be immune or exempt from such withholding.

The interest on capital stated on this date is a partial prepayment of total dividends and interest on capital related to the results for 2021 and, therefore, will supplement dividends and interest on capital possibly declared until annual results are ultimately disclosed.  

For further information, please visit our website on www.itau.com.br/relacoes-com-investidores as follows: Contact IR > Service.

São Paulo (State of São Paulo), May 13, 2021.

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.

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

View original content:http://www.prnewswire.com/news-releases/itau-unibanco-holding-sa-material-fact-payment-of-interest-on-capital-301291356.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the interest on capital announced by ITUB on May 13, 2021?

ITAÚ UNIBANCO announced an interest on capital of R$ 0.04874 per share.

When will ITUB shares start trading ex-rights?

ITAÚ UNIBANCO shares will start trading ex-rights on May 25, 2021.

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

The net interest per share after a 15% withholding tax is R$ 0.041429.

What is the record date for ITUB's earnings payment?

The record date for ITUB's earnings payment is May 24, 2021.