Business Context and Reporting Period
Company: Companhia Paranaense de Energia (COPEL / Energy Company of Paraná)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Date: April 22, 2024 (Announcement of earnings distribution approved at the 69th Ordinary General Meeting)
Business Overview: COPEL is a Brazilian utility company engaged in the generation, transmission, distribution, and trading of energy.
Key Financial Metrics and Distributions
This filing details the distribution of earnings to shareholders, comprising Interest on Equity (JCP) and complementary dividends. The filing does not provide consolidated revenue, profit, cash flow, or debt metrics for the period.
| Payment Type | Pay Date | Gross Total Amount (BRL) | Per Share Amounts (BRL) |
|---|---|---|---|
| Interest on Equity (JCP) (Declared Sept 2023) |
June 28, 2024 | 501,079,963.25 | ON: 0.1590 PNA: 0.1749 PNB: 0.1749 UNIT: 0.8587 |
| Complementary Dividend (To reach minimum for Class A) |
June 28, 2024 | 131,211,385.72 | ON: 0.0415 PNA: 0.1459 PNB: 0.0457 |
Liquidity Note: The filing does not provide specific liquidity ratios or cash balance figures.
Material Changes
The filing does not contain comparative financial data against prior periods to assess material changes in revenue, profit, or margins. The primary material event is the approval of the specific dividend and JCP distribution schedule for June 2024.
Guidance, Outlook, and Risks
Management Commentary: The filing includes a standard forward-looking statements disclaimer. Management notes that statements regarding future operations, capital expenditure, and financial results are based on current estimates and are subject to risks.
Risks and Uncertainties: Actual results may differ materially from expectations due to general economic and market conditions, industry conditions, and operating factors. There is no guarantee that expected events or trends will occur.
Unusual Items: None reported in this specific filing.
Investor Verification Checklist
- Payment Confirmation: Verify the June 28, 2024 payment date for both JCP and complementary dividends.
- Share Class Specifics: Confirm the specific per-share amounts for Common (ON), Preferred A (PNA), Preferred B (PNB), and Units based on current holdings.
- Tax Implications: Review the 15% withholding tax rate applicable under Law 9,249/95 and verify exemption status for legal entities.
- Bank Details: Ensure bank account information is up to date with the custodian agent (Banco Itau or The Bank of New York Mellon) to receive payments.
- Record Dates: Note that the record dates for these distributions were in late September 2023 (JCP) and April 2023 (Dividends), indicating these payments relate to prior periods.