Report of Organizational Actions Affecting Basis of Securities
The following pro forma Form 8937 is being provided to report organizational actions (i.e., return of capital distributions) that affect the basis of shares in Terrafina.
Reporting Requirement for Organizational Actions
Section 6045B of the Internal Revenue Code provides that an issuer of a specified security must report certain information to the Internal Revenue Service ("IRS") following an organizational action that affects the basis of the specified security. For purposes of Section 6045B, a specified security can include, but is not limited to, any share of stock in a corporation, any note, bond, debenture, or other evidence of indebtedness. The issuer must set forth a description of the organizational action which affects the basis of such specified security of the issuer and the quantitative effect on the basis of the specified security resulting from the action.