How can I determine the appropriate tax treatment for the special dividend of $9 per share that was paid on January 8, 2008?
Forty-five cents per share of the distribution is taxable as "qualified dividend income." The remaining portion of the distribution, or $8.55 per share, is treated first as a tax-free return of capital to the extent of each shareholder's tax basis in his, her or its shares of InfoSpace common stock, and then as capital gain.
The breakout of the distribution into the portion that is treated as qualified dividend income and the nondividend portion will be reported to shareholders on a tax information return in early 2009.
Non-United States holders of InfoSpace common stock generally were subject to withholding on the gross amount of the distribution at a rate of 30% or such lower rate as may be permitted by an applicable income tax treaty.
Because individual tax circumstances of shareholders vary, shareholders should consult their own tax advisors regarding the tax consequences to them of the distribution.
Please note that InfoSpace's determination of the portion of the distribution that was paid out of a shareholder's pro rata portion of InfoSpace's current or accumulated earnings and profits is for tax accounting purposes only, and should not be considered as comparable to, or otherwise related to, the results of operations that InfoSpace will report for its fiscal year ended December 31, 2008, which results of operations will be based on generally accepted accounting principles in the United States, or U.S. GAAP. As such, investors should not interpret InfoSpace's determination regarding the portion of the distribution that was paid out of a shareholder's pro rata portion of InfoSpace's current or accumulated earnings and profits for tax accounting purposes as indicative of its results of operations under U.S. GAAP for the year ended December 31, 2008.
What was the record date, payable date and ex-dividend date for your special $9 dividend?
As announced on November 15, 2007, InfoSpace, Inc. declared a special cash distribution of $9.00 per share that was payable on January 8, 2008, to shareholders of record at the close of business on December 10, 2007. NASDAQ set the ex-dividend date as January 9, 2008. If you have further questions regarding the dividend, please contact your broker or financial advisor.
When has InfoSpace common stock split?
We've effected the following stock splits since going public:
Forward split 2 for 1, effective May 4, 1999
Forward split 2 for 1, effective January 4, 2000
Forward split 2 for 1, effective April 6, 2000
Reverse split 1 for 10, effective September 13, 2002
When is the InfoSpace Stockholders annual meeting this year?
The annual meeting of InfoSpace shareholders will be held on May 11, 2009, at 10 a.m. (PDT) at The Westin Bellevue, 600 Bellevue Way NE, Bellevue, WA 98004.
When does your fiscal year end?
Our fiscal year ends on December 31. Our quarters end on March 31, June 30, September 30 and December 31.
What is your ticker symbol?
Our common stock symbol is INSP. InfoSpace shares are listed on the Nasdaq National Market.
Does InfoSpace have a direct purchase plan through which non-employees can buy shares?
No.
What is a transfer agent and how do I contact them?
A transfer agent and registrar for a publicly held company keeps records of every outstanding stock certificate and the name of the person to whom it is registered. Our transfer agent is BNY Mellon Shareowner Services. They can be reached at:
BNY Mellon Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310-1900
Toll Free Number 888-581-9372
Outside the U.S. 201-680-6578
Hearing Impaired 800-231-5469
TDD International Shareholders 201-680-6610
How can I contact Investor Relations about specific investor issues?
To contact investor relations, please call 866.438.4677 or email ir@infospace.com.
When is your next earnings release date?
We will issue a press release announcing the date of the next earnings release approximately one to two weeks in advance of the date.
How can I determine my cost-basis in InfoSpace shares?
Contact your broker or tax advisor.
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