COPEL Updates Optimal Capital Structure Parameters and Dividend Policy

Companhia Paranaense de Energia (COPEL) announced an update to its optimal capital structure and Dividend Policy, approved by its Board of Directors. The policy aims to balance capital allocation, preserve financial strength, provide shareholder returns, support investments, and improve customer service. Key changes include adjusting the financial leverage target to a net debt/EBITDA ratio of 2.9x, with a tolerance range of 2.6x to 3.2x, and a 48-month convergence period to the center of the range. The annual distribution of earnings will continue to be guided by the financial leverage, a minimum of 75% of Net Income, and a minimum payment frequency of twice a year. These updated parameters and the full policy are detailed on COPEL's investor relations website.