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Please note that all taxpayers must report capital gain distributions on Schedule D of Form 1040; though the instructions for recipients of 1997 Form 1099-DIV refer to the “Capital gain (or loss)” line of Form 1040 as an alternative, that is no longer available. Accordingly, the entire amount of long-term capital gain distributions (from Box 1c. of Form 1099-DIV) should be reported on Line 13, column (f) of Schedule D. In addition, the amount of 28% rate capital gain distributions must be calculated (using the per share figures in column (iv) above) and reported on Schedule D, line 13, column (g). Additional information can be found in the letter from the Company accompanying the Form 1099-DIV mailed to all shareholders. Contrary to the report in The Wall Street Journal, shareholders will not be receiving revised 1099-DIV statements from the Company.
The Company cannot provide specific tax advice; for further assistance, be sure to contact your tax advisor.
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