Liberate Announces Tax Treatment of Special Dividends Paid in 2005
23 12월 2005 - 4:38AM
PR Newswire (US)
PALO ALTO, Calif., Dec. 22 /PRNewswire-FirstCall/ -- TO ENSURE
COMPLIANCE WITH TREASURY DEPARTMENT REGULATIONS, WE ADVISE YOU
THAT, UNLESS OTHERWISE EXPRESSLY INDICATED, ANY FEDERAL TAX ADVICE
CONTAINED IN THIS MESSAGE WAS NOT INTENDED OR WRITTEN TO BE USED,
AND CANNOT BE USED, FOR THE PURPOSE OF (I) AVOIDING TAX-RELATED
PENALTIES UNDER THE INTERNAL REVENUE CODE OR APPLICABLE STATE OR
LOCAL TAX LAW PROVISIONS OR (II) PROMOTING, MARKETING OR
RECOMMENDING TO ANOTHER PARTY ANY TAX-RELATED MATTERS ADDRESSED
HEREIN. Liberate Technologies (Pink Sheets: LBRT) announced today
that it had determined the Federal income tax treatment of the
special dividends it paid during 2005. The $2.10 per share special
dividend paid in April 2005 is not a "dividend" for Federal income
tax purposes but will be treated as either a return of capital or
capital gain depending on the stockholder's investment
circumstances. Of the $.15 special dividend paid in July 2005,
22.67139%, or approximately $.034 per share, is taxable as a
"dividend" for Federal income tax purposes, while the remainder of
approximately $.116 per share will be treated as either a return of
capital or capital gain depending on the stockholder's investment
circumstances. Stockholders should receive Forms 1099 reflecting
this treatment in early 2006. Stockholders are urged to consult
with their tax advisors regarding the Federal income tax treatment
of the special dividends. Greg Wood Chief Financial Officer
Liberate Technologies 650-330-8964 DATASOURCE: Liberate
Technologies CONTACT: Greg Wood, Chief Financial Officer of
Liberate Technologies, +1-650-330-8964, or Web site:
http://www.liberate.com/
Copyright