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Sul América to pay 140M reais in interest on capital

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Sul América to pay 140M reais in interest on capital

Sul América SA said its board approved a payment of interest on capital totaling 140.0 million Brazilian reais.

The payment translates to a net amount of about 10.25 centavos per common and preferred share not represented by a unit and about 30.75 centavos per unit. The interest on capital will be paid on April 18, 2018, to shareholders of record as of Dec. 28, the company said.

As of Dec. 25, US$1 was equivalent to 3.34 Brazilian reais.