Itaú Corpbanca Files Material Event Notice announcing Dividend Proposal
Itau CorpBanca American Depositary Shares (each representing 1,500 shares of, no par value) (ITCB)
US:NYSE Investor Relations:
itau.cl/investor-relations
Company Research
Source: GlobeNewswire
SANTIAGO, Chile, March 10, 2020 (GLOBE NEWSWIRE) -- ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced that it filed today a Material Event Notice with the Chilean Financial Market Commission reporting the board of directors’ proposal to the annual ordinary shareholders meeting to distribute a dividend equivalent to 30% of 2019 net income, which represents an aggregate amount equal to Ch$38,119,539,200, payable to the holders of the Bank’s 512,406,760,091 total outstanding shares (i.e. Ch$0.0743931231 per share). Notwithstanding, in this meeting, Itaú Unibanco Holding and CorpGroup informed the board that they will jointly propose to the ordinary shareholders meeting a distribution of a dividend equivalent to 100% of 2019 net income, which represents an aggregate amount equal to Ch$127,065,130,654, payable to the holders of the Bank’s 512,406,760,091 total outstanding shares (i.e. Ch$0.2479770771 per share). The full Material Event Notice is available on the company’s investor r
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