Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on April 19, 2004, regarding the month of April 2004. The document serves as a formal notification to the U.S. Securities and Exchange Commission concerning the proposed payment of monthly interest on own capital to shareholders.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the proposed interest on own capital for May 2004:
- Common Stock Interest: R$0.141180 per share (gross); R$0.120 per share (net after 15% withholding tax).
- Preferred Stock Interest: R$0.155298 per share (gross); R$0.132 per share (net after 15% withholding tax).
- Taxation: A 15% withholding income tax applies to most shareholders, with exemptions for certain legal entities.
Material Changes
The filing does not contain comparative financial data or discuss material changes in the company's financial position versus prior periods. It focuses solely on the specific corporate action of declaring interest on own capital.
Guidance, Outlook, and Management Commentary
Management Action: The Board of Executive Officers proposed the interest payment to the Board of Directors for approval on May 3, 2004. The record date for eligibility is May 3, 2004, with payment scheduled for June 1, 2004.
Dividend Policy: The declared interest will be computed toward the minimum compulsory dividend requirement for the fiscal year as stipulated in the Corporate Bylaws.
Risks and Forward-Looking Statements: The document includes a standard disclaimer stating that forward-looking statements regarding future operations, financial condition, and liquidity are subject to risks and uncertainties, including economic and market conditions. There is no guarantee that expected results will occur.
Investor Verification Checklist
- Confirm the final approval of the interest payment by the Board of Directors on May 3, 2004.
- Verify shareholder eligibility based on the May 3, 2004 record date.
- Check the actual payment date of June 1, 2004, and the net amounts received after tax deductions.
- Review the full annual report (Form 20-F) for comprehensive revenue, profit, and liquidity data not included in this filing.