Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____| To |
| Securities and Exchange Commission |
| Office of International Corporate Finance |
| Division of Corporate Finance |
| Washington, DC |
Ref.: Payment of Intermediary Interests on Own Capital
. Banco Bradesco S.A.
The Board of Executive Officers of this Bank, in a meeting held today, decided to propose to the Board of Directors, in a meeting to be held on June 30th, 2006, the payment to the Company’s stockholders of Intermediary Interests on Own Capital related to the first half of 2006, in the amount of R$0.327750000 per common stock and R$0.360525000 per preferred stock, which represent ten times the amount of Interests paid monthly, benefiting the stockholders registered in the Bank’s Books on that date (June 30th, 2006).
Upon approval of this proposal, the payment will be settled on July 20th, 2006, in the net amount of R$0.278587500 per common stock and R$0.306446250 per preferred stock, already deducting fifteen percent (15%) Withholding Income Tax, except for corporate entity stockholders, which are exempted from this taxation, and thus will receive the declared amount.
The Interests on Own Capital related to the stocks deposited at CBLC (Brazilian Company and Depository Corporation) will be paid to the referred CBLC, which will transfer these interests to the stockholders by means of depositor Brokerage Houses.
The respective Interests will be computed, net of withholding Income Tax, in the calculation of mandatory dividends of the fiscal year as provided in the Company’s Bylaws.
| Cordially, | |
| Banco Bradesco S.A. | |
| Milton Almicar Silva Vargas | |
| Executive Vice President and | |
| Investor Relations Officer |
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BANCO BRADESCO S.A. |
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By: |
/S/ Milton Almicar Silva Vargas
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Milton Almicar Silva Vargas
Executive Vice President and Investor Relations Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.