dole food div96
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dole food div96 dole food div96 Document Transcript

  • IMPORTANT TAX INFORMATION REGARDING 1996 CASH DISTRIBUTIONS In 1996, Dole Food Company, Inc. paid cash distributions to its shareholders of $.10 per share per quarter. In January 1997 when Forms 1099-Div were prepared and mailed to DoleÕs shareholders, the forms reflected DoleÕs estimate that 100% of the distributions paid in 1996 would be taxable a s ordinary dividends. Subsequently, Dole has determined that 100% of the 1996 cash distributions are non-taxable to its shareholders. As a result of this reclassification, you may be entitled to a refund, from the I.R.S. and/or your state tax authorities, of the taxes you paid in 1996 on such distributions. Shareholders should consult their own tax advisors with respect to their particular situation. Neither Dole nor the transfer agent can offer any tax advice or tax information. August 26, 1997