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LinnCo LLC Announces The Estimated Tax Characteristics Of 2012 Cash Distributions

HOUSTON, Jan. 25, 2013 (GLOBE NEWSWIRE) -- LinnCo, LLC (Nasdaq:LNCO) announced today the estimated federal income tax characteristics of its 2012 cash distribution to holders of its Common Shares. The table below describes the distribution made by the Company in 2012 and the estimated reporting of such payments on United States Internal Revenue Service ("IRS") Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final determination of the tax characteristics of 2012 cash distributions is not expected to be made until mid-March 2013, and at that time the Company will announce the final tax characteristics and post the corrected Form 8937 (if applicable).  

LinnCo, LLC – Common Shares (CUSIP: 535782-10-6)

 
Record Date Payment Date Cash  Distribution (per share)   Percentage  Reported as Total Ordinary Dividends in Box 1a of Form 1099-DIV Percentage  Reported as Qualified Dividends in Box 1b of Form 1099-DIV Percentage Reported as Nondividend Distributions in Box 3 of Form 1099-DIV
11/07/2012 11/15/2012 $0.71 13% 13% 87%
           
Total 2012   $0.71 13% 13% 87%

In accordance with IRS Code Section 6045B, the Company has posted Form 8937, Report of Organizational Actions Affecting Basis of Securities, which can be found at http://www.linnco.com/about/tax-considerations.htm . This form provides detailed information on the return of capital portion of the common share distributions.

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of LinnCo, LLC cash distributions. For additional information, contact LinnCo's Investor Relations Department. 

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