Business
Capital Southwest Announces Federal Tax Treatment of 2021 Dividends
DALLAS, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” or the “Company”) (Nasdaq: CSWC), an internally managed business
About this update from Capital Southwest Corporation
[{"type":"text","content":"DALLAS, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today the tax treatment of its 2021 dividends. Federal Tax Treatment of 2021 Dividends Capital Southwest paid dividends totaling $2.56 per share that are attributable to the tax year ended December 31, 2021, with 100.00% of those dividends comprised of ordinary income. The Company has posted information regarding the U.S. federal income tax characteristics of its dividends that are attributable to 2021 on its website (http://www.capitalsouthwest.com/tax-information). The amounts shown in the table below represent the final classification of the Company’s 2021 dividends. This information supersedes any estimated information you may have received during the year. Calendar-year 2021 dividends are classified as follows: Form 1099-DIV ReportingBox 1aBox 1a and Box 1bBox 2aNon-U.S. ShareholderNon-U.S. ShareholderRecord DatePayment DateDistribution per ShareOrdinary Dividend Per Share (i)Qualified Dividends Per Share (i), (ii)Long-Term Capital Gain Per Share (iii)% of Interest-Related and Short-Term Capital Gain (iv)% of Distributions Exempt from U.S. Withholding Tax (v)03/15/2103/31/21$0.5200 $0.5200 $- $- 87.40%87.40%06/15/2106/30/21$0.5300 $0.5300 $- $- 87.40%87.40%09/15/2109/30/21$0.5400 $0.5400 $- $- 87.40%87.40%12/15/2112/31/21$0.9700 $0.9700 $- $- 87.40%87.40% $ 2.5600 $ 2.5600 $ - $ - % of Total Dividend Paid Per Share 100.000% 100.000% 0.000% 0.000%87.402%87.402% (i) Form 1099-DIV Box 1a includes the combined amounts of the columns \"Ordinary Dividend Per Share\" and \"Qualified Dividends Per Share,\" contained within table above. (ii) The portion of the dividend reported in Box 1a treated as Qualified Dividend is reported on Form 1099-DIV in Box 1b. (iii) Net Capital Gain Dividend is reported on Form 1099-DIV in Box 2a. (iv) The Company designates the above percentages of each of the total dividends by payment date as Interest-Related Dividend and Short-Term Capital Gain Dividend in accordance with Sections 871(k) and 881(e) under the Internal Revenue Code (the \"Code\"). (v) The percentages designate the portion of Capital So...