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ITAÚ UNIBANCO - MATERIAL FACT - PAYMENT OF INTEREST ON CAPITAL

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Itaú Unibanco's Board of Directors has approved the payment of interest on capital (IOC) to stockholders amounting to R$0.310560 per share. After 15% income tax withholding, stockholders will receive a net interest of R$0.263976 per share, except for immune or exempt corporate stockholders. The payment will be made by April 30, 2025, based on stockholding positions as of December 9, 2024. Shares will trade ex-rights starting December 10, 2024. The IOC payment applies equally to both common (ITUB3) and preferred (ITUB4) shares.

Il Consiglio di Amministrazione di Itaú Unibanco ha approvato il pagamento di interessi sul capitale (IOC) agli azionisti per un ammontare di R$0.310560 per azione. Dopo la ritenuta fiscale del 15%, gli azionisti riceveranno un interesse netto di R$0.263976 per azione, ad eccezione degli azionisti societari esenti o immuni. Il pagamento sarà effettuato entro il 30 aprile 2025, sulla base delle posizioni azionarie in data 9 dicembre 2024. Le azioni saranno scambiate senza diritti a partire dal 10 dicembre 2024. Il pagamento dell'IOC si applica sia alle azioni ordinarie (ITUB3) che a quelle privilegiate (ITUB4).

La Junta Directiva de Itaú Unibanco ha aprobado el pago de intereses sobre el capital (IOC) a los accionistas por un monto de R$0.310560 por acción. Tras la retención del 15% de impuesto sobre la renta, los accionistas recibirán un interés neto de R$0.263976 por acción, excepto para los accionistas corporativos exentos o inmunes. El pago se realizará antes del 30 de abril de 2025, teniendo en cuenta las posiciones de acción a fecha 9 de diciembre de 2024. Las acciones se negociarán sin derechos a partir del 10 de diciembre de 2024. El pago de IOC se aplica de manera equitativa tanto a las acciones ordinarias (ITUB3) como a las acciones preferentes (ITUB4).

이타우 유니방코의 이사회는 주주에게 자본에 대한 이자(IOC)주당 R$0.310560의 금액으로 지급하기로 승인했습니다. 15%의 소득세 원천징수 후, 주주들은 주당 R$0.263976의 순이자를 받게 되며, 면세 또는 면제된 법인 주주는 제외됩니다. 지급은 2025년 4월 30일까지 이루어질 예정이며, 2024년 12월 9일 기준으로 주식 보유 상황에 따라 지급됩니다. 주식은 2024년 12월 10일부터 권리 없이 거래됩니다. IOC 지급은 보통주(ITUB3)와 우선주(ITUB4)에 동일하게 적용됩니다.

Le Conseil d'Administration d'Itaú Unibanco a approuvé le paiement d'intérêts sur le capital (IOC) aux actionnaires d'un montant de R$0.310560 par action. Après un prélèvement d'impôt sur le revenu de 15%, les actionnaires recevront un intérêt net de R$0.263976 par action, sauf pour les actionnaires d'entreprise exonérés ou immunisés. Le paiement sera effectué d'ici le 30 avril 2025, en fonction des positions de détention d'actions au 9 décembre 2024. Les actions seront échangées sans droits à partir du 10 décembre 2024. Le paiement de l'IOC s'applique équitablement aux actions ordinaires (ITUB3) et aux actions privilégiées (ITUB4).

Der Aufsichtsrat von Itaú Unibanco hat die Zahlung von Zinsen auf das Kapital (IOC) an die Aktionäre in Höhe von R$0.310560 pro Aktie genehmigt. Nach Abzug der 15%igen Einkommenssteuer erhalten die Aktionäre einen Nettzins von R$0.263976 pro Aktie, mit Ausnahme von befreiten oder steuerfreien Unternehmensaktionären. Die Zahlung erfolgt bis zum 30. April 2025 basierend auf den Aktienbesitzpositionen am 9. Dezember 2024. Ab dem 10. Dezember 2024 werden die Aktien ohne Rechte gehandelt. Die IOC-Zahlung gilt gleichermaßen für Stammaktien (ITUB3) und Vorzugsaktien (ITUB4).

Positive
  • Payment of interest on capital (IOC) of R$0.310560 per share to stockholders
  • Equal treatment for both common and preferred shareholders
Negative
  • 15% tax withholding reduces net payment to R$0.263976 per share

Insights

This IOC announcement represents a significant capital return to shareholders, with R$0.31056 per share pre-tax (R$0.263976 net). The payment applies equally to both common (ITUB3) and preferred (ITUB4) shares, maintaining parity in shareholder returns. The ex-dividend date of December 10, 2024 and payment date by April 30, 2025, provides clear timeline for investors. Interest on Capital is a tax-efficient method commonly used by Brazilian companies to distribute earnings, as it's tax-deductible for the company while providing regular income to shareholders. For context, this distribution reflects Itaú Unibanco's strong capital position and commitment to shareholder returns, typical for Brazil's largest private bank.

SÃO PAULO, Nov. 28, 2024 /PRNewswire/ -- Payment of Interest on Capital

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$0.310560 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.263976 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding, which will be made until April 30, 2025. The calculation will be based on the final stockholding position recorded on December 9, 2024, with their shares traded "ex-rights" starting December 10, 2024.

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

Gustavo Lopes Rodrigues

Investor Relations Officer

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

Cision View original content:https://www.prnewswire.com/news-releases/itau-unibanco---material-fact---payment-of-interest-on-capital-302318469.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What is the amount of interest on capital payment announced by ITUB?

Itaú Unibanco announced an interest on capital payment of R$0.310560 per share, with a net value of R$0.263976 after 15% tax withholding.

When is the ex-dividend date for ITUB's interest on capital payment?

The ex-rights date for Itaú Unibanco's interest on capital payment is December 10, 2024.

What is the payment date for ITUB's interest on capital announced in November 2024?

The payment will be made by April 30, 2025.

Is there a difference in IOC payment between ITUB3 and ITUB4 shares?

No, the interest on capital payment amount is the same for both common shares (ITUB3) and preferred shares (ITUB4).

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