Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on January 15, 2004. The report concerns the proposal to pay monthly interest on own capital for the month of February 2004, a practice governed by Brazilian corporate bylaws and legal provisions.
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 per lot of one thousand stocks:
- Common Stock: R$0.0141180 (Gross); R$0.0120 (Net for eligible holders).
- Preferred Stock: R$0.0155298 (Gross); R$0.0132 (Net for eligible holders).
- Taxation: A 15% Withholding Income Tax applies to most stockholders, with exemptions for certain legal entities.
Material Changes
The filing does not contain comparative financial data or material changes versus prior periods. It solely announces the Board of Executive Officers' decision to propose the February 2004 interest payment to the Board of Directors.
Guidance, Outlook, and Management Commentary
Payment Schedule and Eligibility:
- Large Holders (100,000+ stocks): Payment scheduled for March 1, 2004, at the net amount after tax deduction.
- Small Holders (Up to 99,999 stocks): Payment scheduled for July 1, 2004, unless a written request for anticipation is submitted.
- Dividend Calculation: These interest payments will be computed toward the minimum compulsory dividend for the fiscal year.
- Custody: Interests for stocks under custody at CBLC will be paid to the depository and transferred to stockholders via brokers.
Risks and Forward-Looking Statements: The document includes a standard disclaimer that forward-looking statements regarding future operations, financial condition, and dividend declarations are subject to risks and uncertainties, including economic and market conditions. There is no guarantee that expected results will occur.
Investor Verification Checklist
- Verify the final approval of the interest payment proposal by the Board of Directors on February 2, 2004.
- Confirm the specific tax status of the holding entity to determine if the 15% withholding tax applies.
- Check stock position size to determine the applicable payment date (March 1 vs. July 1).
- Review the full annual report (Form 20-F) for comprehensive financial metrics not included in this 6-K.