Itaúsa is Brazil’s largest investment holding company. Its portfolio comprises leading companies in their sectors of activity: financial (Itaú Unibanco), construction materials (Dexco), consumer goods (Alpargatas), mobility (CCR), sanitation (Aegea), energy (Copa Energia) and infrastructure (NTS). To learn more about our portfolio, please click here.
Itaúsa’s strategy is to identify attractive investment opportunities in the market and acquire equity interest in the controlling group in partnership with other groups at all time. Itaúsa thus is entitled to nominate members to the boards of directors and advisory committees and to help define the investee’s market and financial strategies, therefore also contributing to the implementation of strategic sustainability, ethics and governance initiatives.
Itaúsa’s shares are listed on B3, the São Paulo stock exchange, in B3’s Level 1 of the corporate governance segment, and traded under tickers ITSA3 (common shares) and ITSA4 (preferred shares).
- Open an account with a brokerage. For a full list of brokerages, please click here.
- In your brokerage system, search for shares ITSA3 or ITSA4, to place an order with number and price.
- Once the procedure is completed, you are responsible for making sure there are enough financial resources available in current account to complete the transaction.
- Your brokerage is responsible for crediting the shares to your account.
- Congratulations! You are now a stockholder of Itaúsa.
- On Itaúsa’s website, access the home page in section “ Charts and Quotes”. This section also allows the comparison of our shares with other indexes, such as Ibovespa. Quotes are delayed by 15 minutes.
- Directly on website da B3.
- Directly on brokerages’ websites.
Your brokerage is the best alternative for quickly checking updated information.
You can also check it via Itaú Custódia. To access your stockholding position, if you are not a Banco Itaú account holder, access the exclusive portal for stockholders on website https://www.itaucorretora.com.br/ (“non-account holder” option). Just follow the step-by-step instructions, providing the requested information and, when this procedure is completed, the information will be available.
If you are an account holder of the Itaú, Uniclass and Personnalité segments, access your account on www.itau.com.br. In the Investments menu, you will be able to check your Shares Registered by Itaú and Stockholding Position.
If you still have any questions, please contact the Itaú Custódia call center via the following phone numbers:
(11) 3003-9285 Capital cities and metropolitan regions; 0800 720 9285 other locations.
Business hours: Mondays to Fridays, 9 am to 6 pm.
ITSA3 shares are common shares (ON), that is, stockholders are entitled to vote at the Company’s General Stockholders’ Meetings.
ITSA4 shares are preferred shares (PN), that is, stockholders have priority to receive a minimum annual dividend of one cent of a Brazilian real (R$0.01) per share, non-cumulative, to be adjusted in the event of a share split or reverse split, ensuring a dividend at least equal to that of the common shares.
Preferred shares (ITSA4) will be entitled to voting rights, in accordance with Law No. 6,404/76, if Itaúsa fails to pay the minimum priority dividend for three consecutive years, as provided for in its Bylaws. Annually, at the General Stockholders’ Meeting, holders of preferred shares are entitled to elect, in a separate voting, one effective member and their corresponding alternate member for the Supervisory Council.
Both types of Itaúsa’s shares entitle stockholders to have the right to tag along, in the event of a disposal of control, at a price equal to eighty percent (80%) of the one paid for each voting-right share that is part of the controlling group. The 80% Tag Along for common shares is provided for by law, while the 80% Tag Along for preferred shares was a right added to the law, granted by Itaúsa.
For further information, please access the Company’s Bylaws by clicking here.
This individual should contact Itaú Unibanco’s custody department by calling the numbers below, and give their full name and Individual Taxpayer’s Registry (‘CPF’) number for an inquiry into the registers of Itaúsa stockholding positions:
(11) 3003-9285 Capital cities and metropolitan regions; 0800 720 9285 other locations.
Business hours: Mondays to Fridays, 9 am to 6 pm.
The Company has a Share Buyback Program as an alternative for capital allocation, to be used when Management understands that the price traded on the market is below its real value. Additionally, the buyback program seeks to meet other goals, such as meeting executives’ long-term variable compensation plans or create value for stockholders through the cancellation of treasury shares, increasing every stockholder’s interest in the Company’s capital.
For further information, please access: Share Buyback Program
Itaúsa’s results are available on section “Results Center” on the Company’s IR website and on the websites of the Brazilian Securities and Exchange Commission (‘CVM’) www.cvm.gov.br and B3 (www.b3.com.br). Information is disclosed simultaneously on CVM and B3.
To get this information, please sign up for our mailing list.
Itaúsa’s Stockholders’ Remuneration Policy provides equal rights for holders of both common and preferred shares upon distribution of earnings.
Stockholders are entitled to a mandatory dividend each year in an amount equivalent to twenty-five percent (25%) of net income determined in that same year.
As resolved by the Board of Directors, interest on capital can be paid, including the interest on capital paid or credited to the mandatory dividend amount.
Additionally, Management may resolve on the distribution of additional dividends whenever this is deemed convenient for Itaúsa and/or its stockholders. These distributions do not mean that there will be any distribution of dividends in the future in addition to the minimum mandatory dividend.
Interest on capital is the interest calculated on the equity of companies that is paid or credited to stockholders based on the long-term interest rate periodically disclosed by the Central Bank of Brazil and subject to certain limitations imposed by tax legislation in force.
In accordance with tax legislation, Brazilian companies are authorized to deduct payments and/or credits to stockholders of interest on capital from the calculation of corporate income tax and social contribution.
Payments of amounts due are deposited into the stockholders’ brokerage account according to the dates stated in the Notices to Stockholders about earnings payments. Any questions may be directly sent to the brokerage in which the stockholders’ shares are under custody.
For further information, please access section Return to Stockholders.
To access the payment schedule of dividends and interest on capital, please click here.
The Dividend Reinvestment Program is one more service provided to Itaúsa’s stockholders.
DRP allows you to automatically invest your dividends to buy preferred or common shares of Itaúsa, thus increasing your stake in the capital stock of the Company.
This means that by signing up to the DRP, you will grant the Company the right to use the amount, as decided by you, of dividends and/or interest on capital that would be credited to your current account for buying Itaúsa’s shares in the market. Purchases will be carried out on B3, the São Paulo stock exchange, through Itaú Corretora de Valores.
It is worth mentioning that DRP is a discretionary product. No change will be made in how you receive your dividends if you decide not to sign up to this Program.
For further information on how to sign up to the DRP, please click here or access the full manual by clicking here.
Record date/data base is the deadline set when stockholders should hold Itaúsa (common or preferred) shares at the closing of the trading session to be entitled to interest on capital or dividends as approved by Itaúsa’s Board of Directors’ meeting.
Ex dividend date is the business day following the record date/base date, on which shares (common and preferred) begin to be traded with no right to return on dividends or interest on capital, as approved by Itaúsa’s Board of Directors’ meeting.
For information on how to get the statement of earnings for Income tax return purposes, please click here.
These are stockholders’ meetings convened by Management to address different matters of interest to stockholders, such as: checking results, reviewing, discussing and voting on the approval of financial statements, resolving on the allocation of profit for the year and dividend distribution, and electing members to the board of directors and, if applicable, to the supervisory council.
Itaúsa’s stockholders with voting rights are entitled to attend and vote on the matters of the agenda at General Stockholders’ Meetings. To keep updated, please monitor the agenda available on our website or sign up to receive our e-mail alert.
For information on the total number of Itaúsa’s shares, please click here.
Please access Contact IR or write to ri@itausa.com.br.
Holders with shares at brokerages should request these changes directly to their corresponding brokerages.
Itaúsa is a holding company that manages a portfolio of companies operating in different segments. Itaúsa’s main investees are Itaú Unibanco Holding S.A., Dexco S.A., Alpargatas S.A., CCR S.A., Aegea Saneamento e Participações S.A., Copa Energia, and NTS (Nova Transportadora do Sudeste S.A.).
The discount calculation is one of the most used indicators to value investments at Itaúsa, and it concerns the difference between the market price ascertained for Itaúsa’s shares and the sum of the market value of the equity interests held in investees (“sum of the parts”).
Part of this discount can be justified by both tangible and intangible factors, such as the holding company’s maintenance expenses, taxes levied on a fraction of the earnings received from investees (tax inefficiency), finance costs, and risk perception.
For further information on the holding company discount and its track record, please click here.
Without its own operations as an investment holding company, Itaúsa S.A. has no operating revenue and its results are essentially composed of (i) Equity in the Earnings of Investees (equity in the earnings of investees line in statement of income), determined from the net income of invested companies, (ii) revenues from investments in financial assets and (iii) the result of possible disposals of assets in its portfolio.
The Parent Company’s financial statements basically portray the holding company’s equity position, whereas the Consolidated financial statements also include investee Dexco S.A. and other non-operating companies (Itautec S.A. and ITH Zux Cayman Ltd.). Therefore, Itaúsa’s Management believes that the analysis of the Parent Company’s financial statements better portrays the conditions and results of the holding company Itaúsa.
