Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____.
Securities and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC
Ref.: Complementary Interest on Own Capital
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 December 12, 2011, the payment to the Company’s shareholders of Complementary Interest on Own Capital in the amount of R$2,309,800,000.00, consisting of R$0.576206221 per common share and R$0.633826844 per preferred share.
The shareholders registered in the Company’s Books on December 12, 2011 shall be benefited. The Company’s shares will be traded “ex-right” on complementary interest from December 13, 2011 on.
Upon the approval of this proposal, the payment will be made on March 8, 2012 in the amount of R$0.489775288 per common share and R$0.538752817 per preferred share, already net of Withholding Income Tax of 15% (fifteen percent), except for corporate shareholders who are exempt from the referred tax and shall receive the declared amount.
The complementary interest to be approved represent approximately 39.6 times the amount of the dividends paid monthly, and net of Withholding Income Tax, 33.7 times of the same dividends.
The mentioned interest related to the shares held in custody of BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (Securities, Commodities and Future Exchange) will be paid to the referred BM&FBOVESPA, which shall transfer them to the shareholders through the depository agents.
Below, the demonstrative table of the values paid and to be paid related to 2011:
In R$
Monthly Dividends paid |
538,482,334.28 |
Intermediary Interest of the 1st half paid |
624,187,246.15 |
Subtotal – Paid Value |
1,162,669,580.43 |
Monthly Dividends to be paid on December 1, 2011 and January 2, 2012 |
116,574,580.04 |
Complementary Interest to be paid on March 8, 2012 |
2,309,800,000.00 |
Total |
3,589,044,160.47 |
Per share in R$
Type |
Monthly Dividends (*) |
Intermediary Interest of the 1st half |
Complementary Interest |
Total |
Common share |
0.163918700 |
0.155520588 |
0.576206221 |
0.895645509 |
Preferred share |
0.180310572 |
0.171072647 |
0.633826844 |
0.985210063 |
(*) On August 29, 2011 was approved the increase of 10% of the monthly dividends value, paid per share as of October 2011.
The interest paid will be computed, net of Withholding Income Tax, in the calculation of mandatory dividends of the fiscal year, as provided in the Company’s Bylaws.
The Company may, based on the result to be determined at the end of the fiscal year of 2011, distribute new interest and/or dividends to the shareholders.
Cordially,
Executive Vice President and
Investor Relations Officer
BANCO BRADESCO S.A. | ||
By: |
/S/ Domingos Figueiredo de Abreu
| |
Domingos Figueiredo de Abreu Executive Vice President and Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.