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How is the tax treatment of Ship Finance shares received as part of the spin off from Frontline?

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How is the tax treatment of Ship Finance shares received as part of the spin off from Frontline?

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You are directed to consult your own tax advisor regarding the particular federal, foreign, state and local tax consequences of dividend distributions. In addition, Frontline has more information on: http://www.frontline.bm/IR/spinoff.shtml • Where can I get access to Ship Finance’s financial reports and material filed with the SEC All shareholders may, upon request, receive a hard copy of the complete audited financial statements free of charge.

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