#Brazil #São Paulo #Stockholders #Itaú Unibanco #Interest Payment

Itaú Unibanco Declares Payment of Interest on Capital

Itaú Unibanco Holding S.A. has made a significant announcement regarding its payment of interest on capital to shareholders. On November 28, 2024, the bank's Board of Directors convened and sanctioned the payment of R$0.310560 per share as interest on capital, as revealed in their official communication.

The distribution will be subjected to a withholding tax rate of 15%, which brings the net amount to R$0.263976 per share for most stockholders. However, corporate shareholders who can provide proof of immunity or exemption from this tax will see the full gross amount without deductions.

The decisive cutoff for eligibility will be based on the company's official stockholding records as of December 9, 2024. Shares will begin trading without the rights to these payments on December 10, 2024. This interest payment is a way for Itaú Unibanco to effectively reinvest in its shareholder base while complying with tax obligations.

For investors keen to know more about this announcement, comprehensive details can be found on the company's investor relations webpage. Just navigate to the section labeled Investor Services > Contact IR for further inquiries.

This move comes as part of Itaú Unibanco's ongoing strategy to maintain robust communication with its investors and provide timely updates about financial distributions. Gustavo Lopes Rodrigues, the Investor Relations Officer, is the point of contact for any inquiries regarding this payment and its implications for shareholders.

Notably, the interest on capital applies uniformly to both common shares (ITUB3) and preferred shares (ITUB4), ensuring equitable treatment among stakeholders. The announcement amplifies Itaú Unibanco's commitment to delivering value to its investors and fostering a transparent relationship with its shareholders.

Such financial distributions are not just a mechanism for compensating investors but also serve as a testament to the bank's financial health and durability in the competitive banking sector. With these actions, Itaú aims to enhance shareholder satisfaction while navigating the economic landscape of Brazil.

The timeline extends until April 30, 2025, for the payouts to be executed, giving investors an extended period to manage their preferences regarding these distributions.

In conclusion, Itaú Unibanco's latest announcement on the interest on capital payment marks a strategic move aimed at rewarding shareholders. Investors are encouraged to stay informed and actively engage with the updated information as it may impact their investment decisions significantly.

For more specifics or individual queries, stakeholders can connect directly with the corporate communications team at Itaú Unibanco via the contact number provided in their release.