Shareholder FAQs

Why Is A Substitute W-9 Required?

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WHY IS A SUBSTITUTE W-9 REQUIRED?

Federal law indicates that all shareowners must comply with IRS regulations requiring the submission of a certified taxpayer identification number (Social Security Number (SSN)) for individuals and Tax Identification Number (TIN) or Employer Identification Number (EIN) for entities, by submitting an executed Substitute IRS Form W-9. Unless we have a certified tax identification number you will be subject to backup withholding and we will be required to withhold 28 percent of dividend payments and sale proceeds at the time of payment.

For non-US shareholders, an IRS Form W-8BEN will be required. You may now use a copy of this form. It is required and it must be updated every three (3) years according to Federal law. The amount of backup withholding varies depending on the country.