Tiptree Inc. announced the income tax treatment for its 2024 common stock distribution payments. The total distributions to common stockholders for 2024 amounted to $0.49 per share.
The company specified that these distributions are considered a return of capital for tax purposes. This information is crucial for shareholders in preparing their tax filings.
This announcement provides clarity on the financial implications of the dividends received by investors during the 2024 fiscal year. It is a routine but important disclosure for shareholders.
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