Why are you declaring a special distribution?
The company’s Board of Directors determined that paying a special distribution would provide additional value to our stockholders.
This seems like a fairly substantial distribution. How did you arrive at this amount?
Our advisors assisted us in carefully evaluating our options to determine the most prudent use of our cash and the best method with which to return value to stockholders. It was determined that the one-time special cash distribution of $43.40 per share, equal to approximately $1.75 billion (depending on the number of shares outstanding), returned the greatest value, while at the same time giving us enough financial flexibility to support our growth plans and allowing stockholders to continue to participate in the future of the company.
When will the distribution be paid?
The payment date for the $43.40 per share distribution is planned for Jan. 22, 2016. The stock will begin trading ex-distribution at the market open on Jan. 25, 2016
Will this distribution be taxed as an ordinary dividend?
A majority of this special distribution may be treated as a return of capital for U.S. federal income tax purposes. We completed and posted an Internal Revenue Service (IRS) Form 8937, “Report of Organizational Actions Affecting Basis of Securities,” for this distribution on Jan. 22, 2016. This form provides details on the expected changes in the tax basis of our shares
A small .1092 per share divident was recently paid out by FCAU.
does anyone know if this is a regular or special ( one-time only ) dividend ?
also i received the dividend from scottrade on 1/14/16 but UBS has not paid out yet !