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____
Osasco, São Paulo, Brazil, March 15, 2004
To
Security and
Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington,
DC
Ref.: Payment of
Monthly Interest on Own Capital
. Banco Bradesco S.A.
Gentlemen,
The Board of Executive Officers of this Bank, in a meeting held as of today, decided to propose to the Board of Directors, in a meeting to be held on April 1st, 2004, the payment to the Company’s stockholders, pursuant to the Corporate Bylaws and legal provisions, of interest on own capital related to the month of April/2004, in the amount of R$0.141180 for common stock and R$0.155298 for preferred stock, benefiting the stockholders registered in the Company’s records on that date (April 1st, 2004), already considering the stock grouping transaction approved in the Special Stockholders’ Meeting held on December 17, 2003, in the proportion of 10,000 (ten thousand) stocks for 1 (one) stock, with term for stockholders to promote the adjustment expiring on March 19, 2004.
Upon approval of the proposal, the payment will be made on May 3rd, 2004, at the net amount of R$0.120 for common stock and R$0.132 for preferred stock, after deduction of Withholding Income Tax of fifteen percent (15%), except for the legal entity stockholders that are exempt from this respective taxation, which will receive the declared amount.
The respective Interests will be computed in the calculation of the minimum compulsory dividend for the year, as provided in the Corporate Bylaws.
The Interests relating to stocks under custody at CBLC - Brazilian Company and Depository Corporation will be paid to CBLC which will be transferred to the stockholders through the depository Brokers.
Cordially,
Banco Bradesco S.A.
José Luiz Acar Pedro
Executive Vice President and
Investor Relations Director
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BANCO BRADESCO S.A.
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| By: |
/S/
José Luiz Acar
Pedro
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José Luiz Acar
Pedro
Executive Vice President and Investor Relations Director
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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.