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White River Capital, Inc. Announces Tax Treatment Of Common Stock Dividends Paid In 2011

Stocks in this article: RVR

White River Capital, Inc. (NYSE Amex: RVR) (“White River”) today announced the tax treatment for dividends paid in 2011 on its common stock. Holders are urged to check their 2011 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

Information concerning the tax treatment of dividends paid in 2011 is posted under Additional Information in the Investor Relations section of White River’s website, www.WhiteRiverCap.com. Holders are also urged to consult their own tax advisors to determine their individual tax treatment.

In 2011, White River distributed $5.00 per share of common stock. Based on U.S. federal income tax laws, White River has determined that of such distributions, 79.6% will be treated as a taxable dividend and 20.4% will be treated as a return of capital. Generally, the portion of the distribution on the common stock that is treated as a return of capital should reduce the tax basis in the shares of common stock up to a holder’s adjusted basis in the common stock, with any excess treated as capital gains.

The table below summarizes the tax treatment for dividends paid in 2011 on White River’s common stock:

Declaration Date

   

Record Date

   

Payment Date

   

Total Per Share Distribution

   

2011 Taxable Dividend

   

2011 Return of Capital

 
2/16/2011 2/25/2011 3/2/2011 $ 0.2500 $ 0.1990 $ 0.0510
5/5/2011 5/16/2011 5/31/2011 $ 0.2500 $ 0.1990 $ 0.0510
8/1/2011 8/11/2011 8/25/2011 $ 0.2500 $ 0.1990 $ 0.0510
10/28/2011 11/7/2011 11/21/2011 $ 0.2500 $ 0.1990 $ 0.0510
11/28/2011 12/8/2011 12/22/2011 $ 4.0000 $ 3.1835 $ 0.8165
             
$ 5.0000     $ 3.9794     $ 1.0206
 

IRS CIRCULAR 230 DISCLOSURE

The discussion contained in this press release as to tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding United States federal income tax penalties. Such discussion is written to support matters addressed in this press release. Each taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

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