MarketAxess Specifies Tax Treatment for 2012 Dividends

Before you go, we thought you'd like these...
Before you go close icon

MarketAxess Specifies Tax Treatment for 2012 Dividends

NEW YORK--(BUSINESS WIRE)-- MarketAxess Holdings Inc. (NAS: MKTX) , the operator of a leading electronic trading platform for U.S. and European corporate bonds, emerging markets bonds and other types of fixed-income securities, announces the tax treatment for its 2012 dividends. MarketAxess paid an aggregate of $0.44 per share in quarterly dividends on its common stock during 2012 and a special cash dividend of $1.30 per share in December 2012. For United States federal income tax-reporting purposes, the Company reported 49% of the 2012 dividends as a distribution in excess of the Company's earnings and profits.

Distributions in excess of earnings and profits are generally treated as a return of capital to the extent of a stockholder's basis in his or her shares. Accordingly, these non-taxable distributions reduce that tax basis. Once a stockholder's basis is reduced to zero, these distributions generally will be taxed as capital gains.


While the above information includes general statements about the tax classification of dividends paid on MarketAxess common stock, these statements do not constitute tax advice. The taxation of corporate distributions can be complex, and stockholders are encouraged to consult their own tax advisers to determine what impact the above information may have on their specific tax situation.

For further information please visit the Investor relations section of our website at: http://investor.marketaxess.com

About MarketAxess

MarketAxess operates a leading electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. Over 1,000 investor and broker-dealer firms are active users of the MarketAxess trading platform, accessing global liquidity in U.S. high-grade corporate bonds, European bonds, high yield and emerging markets bonds, agency bonds, asset-backed and preferred securities and credit default swaps. MarketAxess also offers a number of trading-related products and services, including: market data to assist clients with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other clients.

MarketAxess maintains its headquarters in New York and has offices in London, Chicago, Salt Lake City, Hong Kong, Singapore and São Paulo. For more information, please visit www.marketaxess.com.



Investor Relations:
MarketAxess Holdings Inc.
Tony DeLise, +1-212-813-6017
tdelise@marketaxess.com
or
Media Relations:
MarketAxess Holdings Inc.
Florencia Panizza, +1-212-813-6029
fpanizza@marketaxess.com
or
William McBride & Associates
William McBride, +1-917-239-6726
bill@wmmcbride.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article MarketAxess Specifies Tax Treatment for 2012 Dividends originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners