Maxygen Announces Tax Treatment Of 2012 Cash Distribution
Maxygen, Inc. (Nasdaq: MAXY), a biotechnology company, today announced that its distribution of cash in September 2012 primarily will be classified as a return of capital to its stockholders for U.S. Federal income tax purposes.
On September 6, 2012, Maxygen distributed approximately $100.0 million in cash to its stockholders. The table below summarizes the U.S. Federal income tax treatment of the distribution for the common stock of Maxygen:
| U.S. Federal Income Tax Treatment | ||||||||||||
| Distribution | Record Date | Ex-Dividend Date | Payment Date | Distribution Per Maxygen Share ($) | Ordinary Dividend | Non-dividend Distribution (Return of Capital) | ||||||
| Cash | 08/21/12 | 09/07/12 | 09/06/12 | $3.60000 | $0.167810 | $3.43219 | ||||||
Maxygen’s tax return for the year ended December 31, 2012 has not been filed. As a result, the tax treatment for the distribution discussed above has been calculated using the best available information as of the date of this release.
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