Is there any tax on the receipt of First American Financial Corporation shares?
For U.S. shareholders, there will be no tax on the receipt of First American Financial Corporation common stock. However, no fractional shares of First American Financial Corporation common stock will be issued and shareholders will receive cash in lieu of any fractional shares. The cash received for a fractional share will generally be taxable. Shareholders in certain jurisdictions should contact their tax advisor regarding their tax liabilities. Shareholders should refer to the Tax-Basis Information Statement for a general explanation of certain U.S. Federal income tax laws and Treasury regulations.
