Systemax Announces Tax Information for 2020 Distributions

Rhea-AI Summary

Systemax Inc. (NYSE:SYX) announced the federal income tax treatment of its 2020 distributions to shareholders. Key dates include a record date of 3/9/2020 with a total distribution per share of $1.14, and subsequent distributions on 5/11/2020, 8/10/2020, 11/9/2020, and 12/18/2020. The total distribution for the year was $3.56, with $1.74 classified as ordinary dividends. Shareholders are advised to consult their tax advisors regarding the tax implications of these distributions. For more information, visit the company's investor relations page.

Positive

• Total distribution per share for 2020 was $3.56.
• Ordinary dividends were $1.74 per share.

Negative

• None.

PORT WASHINGTON, NY / ACCESSWIRE / February 25, 2021 / Systemax Inc. (NYSE:SYX) today announced the federal income tax treatment of its 2020 distributions to holders of its common stock.

Systemax Inc. Common Stock: Symbol - SYX, REG CUSIP 871851101

Record Date	Payable Date	Total Distribution Per Share	Ordinary Dividends	Nondividend Distributions (1)
3/9/2020	3/16/2020	$1.14	$1.14	$0.00
5/11/2020	5/18/2020	$0.14	$0.14	$0.00
8/10/2020	8/17/2020	$0.14	$0.14	$0.00
11/9/2020	11/16/2020	$0.14	$0.14	$0.00
12/18/2020	12/28/2020	$2.00	$0.18	$1.82
Totals		$3.56	$1.74	$1.82

1. Nondividend distributions represent a Return of Capital and basis adjustment for the common shareholder. The December 28, 2020 distribution was 9.1% Ordinary Dividend and 90.9% Nondividend Distribution.

This information is being provided to assist shareholders with tax reporting related to distributions made by the Company. Additional information is also available on the Company's website under the caption Stock Information within its investor relations section. Taxability of 2020 distributions is not necessarily indicative of taxability of future distributions. The tax information provided herein should not be construed as tax advice and shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of the Company's distributions.

About Systemax Inc.

Systemax Inc. (www.systemax.com), through its operating subsidiaries, is a provider of industrial products in North America going to market through a system of branded e-Commerce websites and relationship marketers. The primary brand is Global Industrial.

Investor/Media Contacts:

Mike Smargiassi
The Plunkett Group
212-739-6729
mike@theplunkettgroup.com

SOURCE: Systemax

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https://www.accesswire.com/632155/Systemax-Announces-Tax-Information-for-2020-Distributions

FAQ

What were Systemax Inc.'s distributions for 2020?

Systemax Inc. had a total distribution of $3.56 per share for 2020, with $1.74 classified as ordinary dividends.

When were the record and payable dates for Systemax Inc.'s 2020 distributions?

The record dates for the distributions were on 3/9/2020, 5/11/2020, 8/10/2020, 11/9/2020, and 12/18/2020, with payable dates following shortly after.

What is the ticker symbol for Systemax Inc.?

The ticker symbol for Systemax Inc. is SYX.

What were the ordinary dividends for Systemax Inc. in 2020?

The ordinary dividends for Systemax Inc. in 2020 totaled $1.74 per share.

How much of the December 28, 2020 distribution was classified as ordinary dividend?

The December 28, 2020 distribution was classified as 9.1% ordinary dividend.