Official EUR/USD exchange rate fixed by the European Central Bank (ECB) on April 17, 2020 | 1.0860 |
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Italian and US Ex-date | April 20, 2020 |
Italian and US record date | April 21, 2020 |
Relief At-Source process deadline for DTC participants | ESP Deadline (for Italian withholding tax only): April 27, 2020 at 5 p.m. EST; CA Web Instruction & ESP Deadline (for Dutch disclosure): April 28, 2020 at 8 p.m. EST |
Payment date | May 5, 2020 |
Quick refund – First batch: first deadline for DTC participants to submit the documentation for |
Documentation Deadline and CA Web Instruction & ESP Deadline: |
First quick refund date | June 5, 2020 |
Quick refund – Second batch: second deadline for DTC participants to submit the documentation for |
June 22, 2020 at 8 p.m. EST |
Second quick refund date | July 2, 2020 |
Type of reserves distributed | 2019 retained earnings |
Portion rate subject to Italian withholding (26%) | EUR 1.13 / USD 1.22718 |
Italian withholding rate (26%) | EUR 0.2938 / USD 0.31907 |
Portion rate subject to Dutch withholding (15%) | EUR 1.13 / USD 1.22718 |
Dutch withholding rate (15%) | EUR 0.1695 / USD 0.18408 |
Net rate subject to variation based on the application of tax treaties and local tax regime | EUR 0.6667 / USD 0.72404 |
Where to get information | |
For shareholders in DTC, please refer to the attached Notice for additional information | |
For shareholders in DTC - Globe Tax e-mail address | italyesp@globetax.com |
For shareholders in DTC - Globe Tax phone number | +1-212-747-9100 |
For shareholders in Monte Titoli – Please contact your own depositary bank, stockbroker or other financial intermediary |