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Brazil's B3 to pay interest on own capital

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Brazil's B3 to pay interest on own capital

Brazilian exchange operator B3 SA – Brasil Bolsa Balcão said it will pay interest on shareholders' equity related to the fourth quarter of 2017, in the total amount of 533.0 million Brazilian reais.

The payment is equivalent to a net value of about 22.22 centavos per share.

The amount distributed as interest on capital will be allocated to mandatory dividends for the fiscal year 2017, the company said in a filing.

The payment will be made on Jan. 8, 2018 and will consider as its calculation basis the shareholding position as of Dec. 21. The company's shares will be traded as "ex" of interest on own capital as of Dec. 22.

As of Dec. 8, US$1 was equivalent to 3.31 Brazilian reais.