Corporate liquidating dividend
Street Name Holders should contact their brokerage firms if they have any questions regarding the receipt, processing and/or timing of the Distribution.
As announced on May 12 of this year, EMRISE cannot determine at this time if it will be able to make another liquidation dividend distribution to its stockholders.
If made, the amount of any such distribution would depend on a variety of factors including the payment of State and Federal taxes and other costs and liabilities associated with the dissolution of the Company.
The XYZ Inc has only 7K in cash and it needs to come up with additional 5K.
Tax Management Portfolio, Corporate Liquidations, No. 784-3rd, analyses the tax considerations in connection with the liquidation of a corporation.