StockWatch
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Electric Utilities: Central
Tax & PenaltyJun 15, 2026, 08:07 AM

AXIA Energia Details Tax Treatment for PNC Share Redemption at R$52.00

AI Summary

AXIA Energia S.A. has provided details on the tax treatment for the redemption of its class "C" preferred shares (PNC). The redemption amount is R$52.00 per share, based on the June 12, 2026 closing price, with a record date of June 18, 2026. Payment to Brazilian resident shareholders will occur on July 7, 2026, and to ADR holders by July 16, 2026. Brazilian resident investors may be subject to income tax and other taxes on any realized gains. Non-resident investors may face Withholding Income Tax (WHT) on capital gains, with rates ranging from 15% to 25% depending on their residency and tax regime. Non-resident shareholders must submit acquisition cost information by June 23, 2026, to avoid a zero acquisition cost assumption and a 25% WHT rate if residency details are not provided.

Key Highlights

  • PNC share redemption amount set at R$52.00 per share.
  • Record date for shareholders is June 18, 2026.
  • Payment to Brazilian holders on July 7, 2026.
  • Payment to ADR holders by July 16, 2026.
  • Non-resident WHT rates: 15%, 15-22.5%, or 25% for favorable tax regimes.
  • Non-resident investors must submit acquisition cost by June 23, 2026, 6:00 p.m. Brasília time.
  • Company will assume zero acquisition cost if information is not provided by non-residents.
  • A 25% WHT rate will be applied if non-resident country or jurisdiction is not informed.