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Article: Centerplate Announces Tax Treatment of 2008 Common Stock Distributions.
- Article from:
- PR Newswire
- Article date:
- January 28, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STAMFORD, Conn., Jan. 28 /PRNewswire-FirstCall/ -- Centerplate, Inc. (formerly AMEX: CVP; TSX: CVP.un), today announced the tax treatment of its 2008 cash payments on the common stock component of its former Income Deposit Securities (IDSs).
Each IDS unit was comprised of one share of common stock and a subordinated note. In 2008, the company paid out a total of approximately $0.33 per unit (January through May 2008) as a distribution on the common stock component of the IDS and a total of approximately $0.71 per unit in interest income (January through November 2008.) The company eliminated the dividend on its common stock after the payment of the May 2008 ...