The Internal Revenue Service requires Form 8937 to be provided to shareholders when an organizational action affects the shareholder’s basis in the Company’s common stock, such as a nontaxable cash distribution to shareholders. For the 2014, 2015 and 2016 tax years, cash distributions on the Company’s common stock should be treated as nontaxable return of capital. Below is a copy of the Company’s Form 8937.
The information contained herein and the attachment does not constitute tax advice and does not purport to be complete or to describe the consequences that may apply to particular categories of shareholders. Shareholders are urged to consult their own tax advisor regarding the particular consequences of the distributions to them, including the applicability and effect of U.S. federal, state, local and foreign tax laws.