Tiptree Inc. Announces Tax Treatment of 2020 Common Stock Distributions

Rhea-AI Summary

Tiptree Inc. (NASDAQ: TIPT) reported a total distribution of $0.16 per share for 2020, classified as a return of capital. The payments were made in four installments of $0.04 each on specific dates: March 30, May 25, August 31, and November 30, 2020. Shareholders are advised to consult their tax advisors regarding the tax implications of these distributions. Tiptree operates primarily in specialty insurance through its business, Fortegra, and also engages in diverse investments.

Tiptree Inc. (NASDAQ: TIPT) announced the income tax treatment of its 2020 common stock distribution payments. Total 2020 distributions to common stockholders were $0.16 per share and are considered return of capital, as set forth below.

CUSIP 88822Q103
FORM 1099-DIV			Box 1a	Box 1b	Box 2a	Box 2b	Box 3	Box 5
Record Date	Payment Date	Distribution Per Share	Ordinary Dividends	Qualified Dividends	Capital Gain Distributions	Unrecaptured Section 1250 Gain	Nondividend Distributions	Section 199A Dividends
3/23/2020	3/30/2020	$0.04	-	-	-	-	$0.04	-
5/18/2020	5/25/2020	$0.04	-	-	-	-	$0.04	-
8/24/2020	8/31/2020	$0.04	-	-	-	-	$0.04	-
11/23/2020	11/30/2020	$0.04	-	-	-	-	$0.04	-
Total		$0.16	-	-	-	-	$0.16	-

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Tiptree Inc. distributions.

About Tiptree

Tiptree Inc. (NASDAQ: TIPT) is a holding company that allocates capital across a broad spectrum of businesses, assets and other investments. Our principal operating business, Fortegra, is a specialty insurance program underwriter and service provider, which focuses on niche business lines and fee-oriented services. We also allocate capital to a diverse group of select investments that we refer to as Tiptree Capital. For more information, please visit www.tiptreeinc.com.

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FAQ

What were Tiptree Inc.'s 2020 common stock distribution payments?

Tiptree Inc. announced a total distribution of $0.16 per share for 2020, paid in four installments of $0.04 each.

When were the distribution payments for Tiptree Inc. made in 2020?

The distributions were made on March 30, May 25, August 31, and November 30, 2020.

How is the 2020 distribution of Tiptree Inc. classified for tax purposes?

The distributions are classified as a return of capital.

What should Tiptree Inc. shareholders do regarding tax treatment of distributions?

Shareholders are encouraged to consult with their personal tax advisors about the specific tax treatment of the distributions.

What business does Tiptree Inc. primarily operate?

Tiptree Inc. primarily operates through Fortegra, a specialty insurance program underwriter and service provider.