Income tax in the United States

CALICHE DEVELOPMENT PARTNERS II ANNOUNCES OPEN SEASON FOR EXPANSION PROJECT AND FIRM NATURAL GAS STORAGE SERVICE AT FACILITY IN BEAUMONT

Retrieved on: 
Tuesday, May 16, 2023

HOUSTON, May 16, 2023 /PRNewswire/ -- Caliche Development Partners II (Caliche or Caliche II) announced today that it is holding a non-binding Open Season.

Key Points: 
  • HOUSTON, May 16, 2023 /PRNewswire/ -- Caliche Development Partners II (Caliche or Caliche II) announced today that it is holding a non-binding Open Season.
  • Injection and withdrawal rights will be limited to 600 MMcf/d per expansion cavern, totaling 1.2 Bcf/d for both expansion caverns.
  • Firm Storage Service made available through this Open Season is expected to support commencement of gas injections into storage in April 2026 and April 2027, respectively.
  • For information regarding Caliche II's Open Season or to submit non-binding bids for storage capacity, please contact Sam Wallace, VP of Commercial ( [email protected] ) or Jason Evans, Manager of Commercial Operations ( [email protected] ).

Atrium Mortgage Investment Corporation Announces August 2021 Dividend

Retrieved on: 
Wednesday, August 4, 2021

Toronto, Ontario--(Newsfile Corp. - August 4, 2021) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of August 2021 of $0.075 per common share, to be paid September 14, 2021 to shareholders of record August 31, 2021.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - August 4, 2021) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of August 2021 of $0.075 per common share, to be paid September 14, 2021 to shareholders of record August 31, 2021.
  • Shareholders are reminded that Atrium offers a dividend reinvestment plan (DRIP) that allows them to automatically reinvest their dividends in new shares of Atrium at a 2% discount from market price and with no commissions.
  • This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium.
  • Atrium is a Mortgage Investment Corporation (MIC) as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year.

Compass Diversified Announces Simplification of Tax Structure Designed to Unlock Shareholder Value

Retrieved on: 
Wednesday, August 4, 2021

WESTPORT, Conn., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, today announced that, on August 3, 2021, its shareholders voted to approve amendments (the “Amendment”) to the governing documents of Compass Diversified Holdings (the “Trust”) to allow the Board of Directors (the “Board”) to cause the Trust to “check-the-box” to elect to be treated as a corporation for U.S. federal income tax purposes. CODI also announced that, following the shareholder vote, the Board has resolved to cause the Trust to elect to be treated as a corporation for U.S. federal income tax purposes. Such election will be effective September 1, 2021.

Key Points: 
  • CODI also announced that, following the shareholder vote, the Board has resolved to cause the Trust to elect to be treated as a corporation for U.S. federal income tax purposes.
  • We thank our shareholders for their support of this important change, which we believe presents a significant opportunity to unlock value for our current and future shareholders, said Elias Sabo, CEO of CODI.
  • The simplification of our tax structure is a continuation of our efforts to find more efficient ways to lower our cost of capital following the strengthening of our capital structure earlier this year.
  • Words such as "believes," "expects," anticipates, intends, "projects," assuming, and "future" or similar expressions, are intended to identify forward-looking statements.

Delaware Investments® Dividend and Income Fund, Inc. Announces Distributions

Retrieved on: 
Tuesday, August 3, 2021

Today, Delaware Investments Dividend and Income Fund (the Fund), a New York Stock Exchangelisted closed-end fund trading under the symbol DDF, declared a monthly distribution of $0.0682 per share.

Key Points: 
  • Today, Delaware Investments Dividend and Income Fund (the Fund), a New York Stock Exchangelisted closed-end fund trading under the symbol DDF, declared a monthly distribution of $0.0682 per share.
  • The primary investment objective is to seek high current income; capital appreciation is a secondary objective.
  • A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of August 2021

Retrieved on: 
Monday, August 2, 2021

The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes.

Key Points: 
  • The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes.
  • This press release is not for tax reporting purposes.
  • Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (Franklin Resources).
  • Franklin Resources and its affiliates do not engage in selling shares of the Funds.

Corcept Therapeutics Announces Second Quarter Financial Results and Provides Corporate Update

Retrieved on: 
Thursday, July 29, 2021

Second quarter 2021 GAAP net income was $26.5 million, compared to $28.3 million in the second quarter of 2020.

Key Points: 
  • Second quarter 2021 GAAP net income was $26.5 million, compared to $28.3 million in the second quarter of 2020.
  • Excluding non-cash expenses related to stock-based compensation and the utilization of deferred tax assets, together with related income tax effects, non-GAAP net income in the second quarter was $38.2 million, compared to $39.7 million in the second quarter of 2020.
  • Second quarter operating expenses were $59.6 million, compared to $53.3 million in the second quarter of 2020, due to increased employee compensation expenses, commercial spending, spending on clinical trials in Cushings syndrome and pre-clinical activities.
  • Our second quarter results reflect the fact that physicians are seeing their patients more frequently, which allows them to diagnose and optimally treat those who have Cushings syndrome.

Pioneer Municipal High Income Fund, Inc. Required Notice to Shareholders Sources of Distribution Under Section 19(a)

Retrieved on: 
Friday, July 30, 2021

The fund estimates that a portion of the distribution does not represent income or realized capital gains.

Key Points: 
  • The fund estimates that a portion of the distribution does not represent income or realized capital gains.
  • A return of capital distribution does not necessarily reflect the fund's investment performance and should not be considered "yield" or "income."
  • The amounts and sources of distributions reported under the notice are only estimates and are not being provided for tax reporting purposes.
  • Pioneer Municipal High Income Fund, Inc. is a closed-end investment company traded on the New York Stock Exchange (NYSE) under the symbol MHI.

Iowa First Bancshares Corp. Reports Second Quarter Financial Results and Dividend Payment

Retrieved on: 
Thursday, July 29, 2021

The increase in second quarter net income year-over-year of $165,000 was primarily attributable to higher net interest income which increased $292,000.

Key Points: 
  • The increase in second quarter net income year-over-year of $165,000 was primarily attributable to higher net interest income which increased $292,000.
  • Other factors affecting Iowa Firsts second quarter results year-over-year were provision for loan losses decreasing $105,000, noninterest income decreasing $229,000, noninterest expense decreasing $33,000, and income tax expense increasing $36,000.
  • Iowa First maintains a strong capital position, as evidenced by its June 30, 2021 total risk-based capital ratio of 18.6%.
  • Iowa First Bancshares Corp. has paid a cash dividend to shareholders every year since 1989.

 Blueknight Declares Quarterly Distributions

Retrieved on: 
Tuesday, July 27, 2021

The distributions are payable on August13, 2021, on all outstanding common and preferred units to unitholders of record as of the close of business on August 6,2021.

Key Points: 
  • The distributions are payable on August13, 2021, on all outstanding common and preferred units to unitholders of record as of the close of business on August 6,2021.
  • Accordingly, Blueknights distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
  • Nominees, and not Blueknight, are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
  • Blueknight (Nasdaq: BKEP and BKEPP) is a publicly traded master limited partnership that owns the largest independent asphalt terminalling network in the country.

Cheniere Partners Declares Quarterly Distributions

Retrieved on: 
Tuesday, July 27, 2021

Cheniere Energy Partners, L.P. (Cheniere Partners) (NYSE American: CQP) today declared (i) a cash distribution of $0.665 ($2.66 annualized) per common unit to unitholders of record as of August 6, 2021, and (ii) the related distribution to its general partner.

Key Points: 
  • Cheniere Energy Partners, L.P. (Cheniere Partners) (NYSE American: CQP) today declared (i) a cash distribution of $0.665 ($2.66 annualized) per common unit to unitholders of record as of August 6, 2021, and (ii) the related distribution to its general partner.
  • Please note that 100 percent of Cheniere Partners distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business.
  • Accordingly, all of Cheniere Partners distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
  • Cheniere Partners actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners periodic reports that are filed with and available from the Securities and Exchange Commission.