Banco Bradesco BoD Proposed Intermediary Interest on Own Capital
OREANDA-NEWS. June 16, 2011. The Board of Executive Officers of Banco Bradesco S.A., at a meeting held today, decided to propose to the Board of Directors, which will resolve at a meeting to be held on June 27th, 2011, the payment to the Company’s shareholders of Intermediary Interest on Own Capital related to the first half
The shareholders registered in the Company’s Books on June 27th, 2011 shall be benefited. The Company’s shares will be traded “ex-right” on Intermediary Interest from June 28th, 2011 on.
Upon the approval of this proposal, the payment will be made on July 18th,
The Intermediary Interest, net of Withholding Income Tax, to be approved:
1) represent 10 times the amount of the Dividends paid monthly;
2) will be computed in the calculation of mandatory Dividends of the fiscal year, as provided in the Company’s Bylaws.
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