GGB » Topics » Interest on Capital Stock

This excerpt taken from the GGB 20-F filed Jul 21, 2009.

Interest on Capital Stock

 

Distribution of interest on capital stock with regard to the Preferred Shares as an alternative form of payment to shareholders that are either Brazilian residents or non-Brazilian residents, including holders of ADRs, are subject to Brazilian withholding tax at the rate of 15%. In the case of non-Brazilian residents that are residents of a tax haven, the income tax rate is 25%. Currently, such payments are tax deductible by the Company in determining social welfare contributions and income tax. (See Item 8.A. Financial Information — Interest on Capital Stock).

 

This excerpt taken from the GGB 20-F filed Jul 15, 2009.

Interest on Capital Stock

 

Distribution of interest on capital stock with regard to the Preferred Shares as an alternative form of payment to shareholders that are either Brazilian residents or non-Brazilian residents, including holders of ADRs, are subject to Brazilian withholding tax at the rate of 15%. In the case of non-Brazilian residents that are residents of a tax haven, the income tax rate is 25%. Currently, such payments are tax deductible by the Company in determining social welfare contributions and income tax. (See Item 8.A. Financial Information — Interest on Capital Stock).

 

This excerpt taken from the GGB 20-F filed Apr 11, 2008.

Interest on Capital Stock

 

Distribution of interest on capital stock with regard to the Preferred Shares as an alternative form of payment to shareholders that are either Brazilian residents or non-Brazilian residents, including holders of ADRs, are subject to Brazilian withholding tax at the rate of 15%. In the case of non-Brazilian residents that are residents of a tax haven, the

 

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income tax rate is 25%. Currently, such payments are tax deductible by the Company in determining social welfare contributions and income tax. (See Item 8.A. Financial Information – Interest on Capital Stock).

 

This excerpt taken from the GGB 20-F filed May 31, 2007.

Interest on Capital Stock

Distribution of interest on capital stock with regard to the Preferred Shares as an alternative form of payment to shareholders that are either Brazilian residents or non-Brazilian residents, including holders of ADRs, are subject to Brazilian withholding tax at the rate of 15%. In the case of non-Brazilian residents that are residents of a tax haven, the income tax rate is 25%. Currently, such payments are tax deductible by the Company in determining social welfare contributions and income tax. (See Item 8.A. Financial Information – Interest on Capital Stock).

This excerpt taken from the GGB 6-K filed May 22, 2007.

Interest on Capital Stock

·     First quarter 2007.

·     Payment on May 24, 2007.

·     Base date: shares held on May 14 (ex-dividend on May 15).

·     Metalúrgica Gerdau S.A. will pay R$ 103.0 million (R$ 0.56 per share).

·     Gerdau S.A. will pay R$ 225.3 million (R$ 0.34 per share).

·     Dividend yield (dividend per share of the last four quarters/share quote on April 30) was 4.2% at Metalúrgica Gerdau S.A. and 3.3% at Gerdau S.A.

This excerpt taken from the GGB 20-F filed Jun 19, 2006.

Interest on Capital Stock

Distribution of interest on capital stock with regard to the Preferred Shares as an alternative form of payment to shareholders that are either Brazilian residents or non-Brazilian residents, including holders of ADRs, are subject to Brazilian withholding tax at the rate of 15%. In the case of non-Brazilian residents that are residents of a tax haven, the income tax rate is 25%. Currently, such payments are tax deductible by the Company in determining social welfare contributions and income tax. (See Item 8.A. Financial Information — Interest on Capital Stock).

This excerpt taken from the GGB 6-K filed May 9, 2006.

                  Interest on Capital Stock

                  First quarter 2006.

                  Payment on May 25th, 2006.

                  Based on shares held on May 15th (ex-interest on May 16).

                  Metalúrgica Gerdau S.A. will pay R$ 96.2 million (R$ 0.52 per share – based on 184.958.976 shares).

                  Gerdau S.A. will pay R$ 199.4 million (R$ 0.30 per share – based on 664.729.393 shares).

 

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UNIBANCO UNION OF BRAZILIAN BANKS SA (UBB)
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