This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

LinnCo LLC Announces The Estimated Tax Characteristics Of 2012 Cash Distributions

Stocks in this article: LNCO

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. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs