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Bradesco board approves 4.82B Brazilian reais interest on equity payment

Banco Bradesco SA's board approved a proposal for interest on shareholders' equity in the amount of 4.82 billion Brazilian reais, according to a Form 6-K filed Dec. 22.

The amount corresponds to a net amount of about 64.13 centavos per common share and 70.54 centavos per preferred share, to be paid March 8, 2018, to shareholders of record as of Dec. 22.

As of Dec. 21, US$1 was equivalent to 3.31 Brazilian reais.