MIC is a corporation domiciled in Delaware. Its fiscal year is the calendar year. Distributions to shareholders during any calendar year are reported following the year end on Form 1099-DIV. Distributions may be characterized as either a Dividend reported in Box 1, or as a Return of Capital reported in Box 3 (other non-dividend income) of the Form 1099-DIV. If you are an MIC shareholder you will receive a Form 1099-DIV containing this information from your broker or custodian, not from MIC.
Please note the following important information regarding distributions made in calendar 2019:
MIC determined that 100% of the dividends paid in the year ended December 31, 2019 were characterized as a dividend for U.S. federal income tax purposes. No proportion of dividends paid were characterized as returns of capital.
A MIC 2019 Form 8937 is available for Convertible Senior Notes holders.
Be sure that any 1099-DIV you receive is final and not an estimate before preparing an income tax return. Contact your broker if you are uncertain.
Distributions from MIC may be reported to you as part of a consolidated 1099-DIV incorporating distributions from other investments in your account.
MIC has no information concerning any investors’ shareholdings and cannot answer questions regarding distribution amounts, purchase or sale dates, cost basis or the tax treatment of any distribution or sales proceeds. Contact your broker or custodian or qualified tax advisor with any such questions.
View MIC's quarterly distributions