Gannett Announces Tax Characterization of 2019 Dividends
30 Janeiro 2020 - 6:15PM
Business Wire
Gannett Co., Inc. (“Gannett” or the “Company”) (NYSE: GCI)
announced today the tax characterization of its 2019 common stock
dividend payments for shareholders. Since dividend payments for
2019 were made prior to the completion of their recent merger,
dividend information for both New Media Investment Group Inc. (“New
Media”), as well as the legacy Gannett Co., Inc. (“Legacy
Gannett”), can be found below.
New Media Common Stock
Dividends
During 2019, dividends for New Media’s common stock (CUSIP
#64704V106) were $1.52 per share. The Company’s distributions in
2019 are considered a return of capital, as set forth below in more
detail.
NEW MEDIA INVESTMENT GROUP INC. AND SUBSIDIARIES Tax
Characterization of 2019 Dividends
Record Date
Pay Date
Distribution
Form
Ordinary Dividend
Qualified Dividend(1)
Long-Term Capital Gain
Return of Capital
4Q 18
3/11/2019
3/20/2019
0.38
Cash
0.00
0.00
0.00
0.38
1Q 19
5/13/2019
5/22/2019
0.38
Cash
0.00
0.00
0.00
0.38
2Q 19
8/20/2019
8/28/2019
0.38
Cash
0.00
0.00
0.00
0.38
3Q 19
11/1/2019
11/12/2019
0.38
Cash
0.00
0.00
0.00
0.38
Total
$
1.52
0.00
0.00
0.00
$
1.52
(1) Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount.
Legacy Gannett Common Stock
Dividends
During 2019, dividends for Legacy Gannett’s common stock (CUSIP
#36473H104) were $0.64 per share. Legacy Gannett’s distributions in
2019 are considered ordinary dividends and are taxable, as set
forth below in more detail.
LEGACY GANNETT AND SUBSIDIARIES Tax Characterization of
2019 Dividends
Record Date
Pay Date
Distribution
Form
Ordinary Dividend
Qualified Dividend(1)
Long-Term Capital Gain
Return of Capital
4Q 18
3/11/2019
3/25/2019
0.16
Cash
0.16
0.00
0.00
0.00
1Q 19
6/10/2019
6/24/2019
0.16
Cash
0.16
0.00
0.00
0.00
2Q 19
9/16/2019
9/30/2019
0.16
Cash
0.16
0.00
0.00
0.00
3Q 19
11/1/2019
11/12/2019
0.16
Cash
0.16
0.00
0.00
0.00
Total
$
0.64
0.64
0.00
0.00
$
0.00
(1) Qualified Dividend is a subset of, and included in, the
Ordinary Dividend amount.
The data provided in this press release is provided for
informational purposes only and does not constitute tax advice.
Stockholders are urged to consult their own tax advisors regarding
any issues or decisions regarding the proper tax treatment of the
dividends paid on their shares. Historical dividends paid are no
indication or guaranty that any dividends or of the amount thereof
that may be paid in the future.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally
focused media and marketing solutions company committed to
strengthening communities across our network. With an unmatched
reach at the national and local level, Gannett touches the lives of
nearly 140 million people monthly with our Pulitzer-Prize winning
content, consumer experiences and benefits, and advertiser products
and services. Gannett brands include the USA TODAY and more than
260 daily local newspaper brands, digital marketing services
companies ReachLocal, WordStream, and ThriveHive and U.K. media
company Newsquest. Effective November 20, 2019, following the
completion of its merger with Gannett, New Media Investment Group
Inc. trades on the New York Stock Exchange under Gannett Co., Inc.
and its ticker symbol has changed to “GCI”. To connect with us,
visit www.gannett.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200130005126/en/
Ashley Higgins & Stacy Cunningham, Gannett Investor
Relations investors@gannett.com (212) 479-3160
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