The board of directors of Banco Pine has approved the distribution of interest on equity capital. The information was released on Tuesday, April 14.
The total gross amount is 57.2 million Brazilian reais. The gross amount is 0.222941 reais for each common share and each preferred share.
This distribution of interest on equity encompasses the company’s recurring quarterly distribution, amounting to 32,050,906.30 reais, plus an additional 25,208,112.33 reais calculated from profit reserves of prior fiscal years.
The credit of the interest on equity will occur on April 30, 2026. It will be based on the shareholder position of record on April 20, 2026.
Starting on April 22, 2026, the company’s shares will trade “ex” the rights to this interest on equity payment. This means buyers of the shares on or after that date will not be entitled to receive the announced payment.
Banco Pine, traded under the ticker PINE4 on the Brazilian stock exchange, is a commercial bank offering a range of financial services and products. The distribution of interest on equity is a common practice for Brazilian companies, serving as an alternative method for profit distribution to shareholders, often with different tax implications compared to traditional dividends.
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