Is the cash payment for the value of the fractional share taxable?
It may be. If you received your dividends in cash, on the acquisition effective date, the cash you received for the value of the fractional shares may be taxable. If the value of your fraction-share check is $20 or greater, this information will be reported to the IRS. Generally, any gain or loss resulting from receiving cash for fractional share will be subject to income tax. We urge you to consult your tax adviser. A cost basis guide is available online, or you may contact Computershare at (800) 351-7221.
