Corporate actions fees | B3

Corporate action fee

The corporate action fee has two components: a fixed amount per corporate action in Brazilian Reais (BRL), and a variable component payable per investor using the event. The total amount of the corporate action fee is limited by a cap and floor.

Corporate Action Fixed component Variable componet Floor Cap
Bonus stock BRL 10,000.00 BRL 0.50 BRL 100.00 BRL 50,000.00
Return of capital in stock BRL 10,000.00 BRL 0.50 BRL 100.00 BRL 50,000.00
Return of capital with reduction in number of shares BRL 10,000.00 BRL 0.50 BRL 100.00 BRL 50,000.00
Full redemption of stock BRL 10,000.00 BRL 0.50 BRL 100.00 BRL 50,000.00
Full redemption of fixed-income securities BRL 10,000.00 BRL 0.50 BRL 100.00 BRL 50,000.00
Takeover BRL 25,000.00 BRL 1.00 BRL 100.00 BRL 70,000.00
Merger BRL 25,000.00 BRL 1.00 BRL 100.00 BRL 70,000.00
Spinoff with reduction of equity or balance sheet BRL 25,000.00 BRL 1.00 BRL 100.00 BRL 70,000.00
Spinoff with reduction of equity or balance sheet and quantity BRL 25,000.00 BRL 1.00 BRL 100.00 BRL 70,000.00
Conversion (defined period) BRL 0.00 BRL 5.00 BRL 100.00 BRL 50,000.00
Subscription BRL 0.00 BRL 10.00 BRL 100.00 BRL 50,000.00
Subscription priority BRL 0.00 BRL 10.00 BRL 100.00 BRL 50,000.00

Corporate actions involving dividends, capital refunds, cash bonuses, interest on equity, income, interest, amortization, premiums, inflation adjustments, subscription without preemptive rights and net earnings are exempt from corporate action fee.

For customized corporate actions  the corporate action fee will be defined by B3 on a case-by-case basis, with a floor of BRL 70,000.00.