PARSIPPANY, N.J.--(BUSINESS WIRE)--Feb. 4, 2015--
B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment for
dividends paid in 2014 on the Company’s common stock. Holders are urged
to check their 2014 tax statements received from brokerage firms in
order to ensure that the cash distribution information reported on such
statements conforms to the information reported herein.
Additional information concerning the tax treatment of dividends paid in
2014 is posted to the Investor Relations section of B&G Foods’ website, www.bgfoods.com,
under the heading “Investor FAQ.” Holders are also urged to consult
their own tax advisors to determine their individual tax treatment.
In 2014, B&G Foods distributed $1.3500 per share of common stock (CUSIP
# 05508R 10 6). Based on U.S. federal income tax laws, B&G Foods has
determined that of such distributions, approximately 33.400% (or
$0.450903 per share) will be treated as a taxable dividend and
approximately 66.600% (or $0.899097 per share) will be treated as a
return of capital. Generally, the portion of the distribution on the
common stock that is treated as a return of capital should reduce the
tax basis in the shares of common stock up to a holder’s adjusted basis
in the common stock, with any excess treated as capital gains.
The table below summarizes the tax treatment for dividends paid in 2014
on the Company’s common stock.
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Declaration
Date
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Record
Date
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Payment
Date
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Total Per Share
Distribution
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2014 Taxable
Dividend
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2014 Return of
Capital
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10/15/2013
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12/31/2013
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1/30/2014
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$0.3300
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$0.110220
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$0.219780
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2/24/2014
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3/31/2014
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4/30/2014
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$0.3400
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$0.113561
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$0.226439
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5/20/2014
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6/30/2014
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7/30/2014
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$0.3400
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$0.113561
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$0.226439
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7/24/2014
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9/30/2014
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10/30/2014
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$0.3400
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$0.113561
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$0.226439
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2014 Totals
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$1.3500
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$0.450903
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$0.899097
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About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a
diversified portfolio of high-quality, branded shelf-stable foods across
the United States, Canada and Puerto Rico. Based in Parsippany,
New Jersey, B&G Foods’ products are marketed under many recognized
brands, including Ac’cent, B&G, B&M, Baker’s Joy,
Bear Creek Country Kitchens, Brer Rabbit, Canoleo,
Cary’s, Cream of Rice, Cream of Wheat, Devonsheer,
Don Pepino, Emeril’s, Grandma’s Molasses, JJ Flats,
Joan of Arc, Las Palmas, MacDonald’s,
Maple Grove Farms, Molly McButter, Mrs. Dash,
New York Flatbreads, New York Style, Old London,
Original Tings, Ortega, Pirate’s Booty, Polaner,
Red Devil, Regina, Rickland Orchards, Sa-són,
Sclafani, Smart Puffs, Spring Tree, Sugar
Twin, Trappey’s, TrueNorth, Underwood, Vermont Maid
and Wright’s. B&G Foods also sells and distributes two branded
household products, Static Guard and Kleen Guard.
Source: B&G Foods, Inc.
ICR, Inc.
Investor Relations:
Don Duffy, 866-211-8151
or
Media
Relations:
Matt Lindberg, 203-682-8214
