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LinnCo, LLC Announces The Final Tax Characteristics Of 2013 Cash Distributions

Stocks in this article: LNCO

HOUSTON, March 19, 2014 (GLOBE NEWSWIRE) -- LinnCo, LLC (Nasdaq:LNCO) and LINN Energy, LLC (Nasdaq:LINE) announced today the final determination of the federal income tax characteristics of its 2013 cash distributions to holders of its common shares. The table below describes the distributions made by the Company in 2013 and the reporting of such payments on United States Internal Revenue Service ("IRS") Form 1099-DIV. The Company is releasing this information to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders.

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
2/7/2013 2/15/2013 $0.71 0% 0% 100%
5/8/2013 5/16/2013 $0.725 0% 0% 100%
7/10/2013 7/16/2013 $0.2416 0% 0% 100%
8/12/2013 8/15/2013 $0.2416 0% 0% 100%
9/10/2013 9/16/2013 $0.2416 0% 0% 100%
10/11/2013 10/18/2013 $0.2416 0% 0% 100%
11/11/2013 11/15/2013 $0.2416 0% 0% 100%
12/12/2013 12/18/2013 $0.2416 0% 0% 100%
           
Total 2013   $2.8846 0% 0% 100%

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 cash distributions. For additional information, contact LinnCo's Investor Relations Department. 

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