Logility Supply Chain Solutions Announces Tax Treatment of 2024 Distributions
January 21 2025 - 3:14PM
Business Wire
Logility Supply Chain Solutions, Inc. (NASDAQ: LGTY) has
determined that certain 2024 distributions are considered to be
return of capital (non-dividend) distributions.
This tax treatment will affect shareholders’ tax basis in their
shares. To assist investors with tax reporting, Form 8937, Report
of Organizational Actions Affecting Basis of Securities has been
posted on the Investor section of the Company’s website under
“Investor Relations.”
Shareholders should consult their tax advisors to determine how
this change may affect their 2024 taxes.
About Logility Supply Chain Solutions, Inc.
Atlanta-based Logility Supply Chain Solutions, Inc. (NASDAQ:
LGTY), through its operating entity Logility is a
market-leading provider of AI-first supply chain management
solutions engineered to help organizations build sustainable
digital supply chains that improve people’s lives and the world we
live in. The company’s approach is designed to reimagine supply
chain planning by shifting away from traditional “what happened”
processes to an AI-driven strategy that combines the power of
humans and machines to predict and be ready for what’s coming.
Logility’s fully integrated, end-to-end platform helps clients know
faster, turn uncertainty into opportunity, and transform supply
chain from a cost center to an engine for growth. With over 550
clients in 80 countries, the company is headquartered in Atlanta,
GA. You can learn more about Logility Supply Chain Solutions at
www.logility.com, or by calling (404)
364-7615 or emailing Press@Logility.com.
Logility® is a registered trademark of Logility, Inc. Other
products mentioned in this document are registered, trademarked or
service marked by their respective owners.
LOGILITY SUPPLY CHAIN SOLUTIONS,
INC.
FORM 8937
ATTACHMENT 1
WITH RESPECT TO RETURN OF CAPITAL
DISTRIBUTIONS
Part II, Box 14
Logility Supply Chain Solutions, Inc. declared and paid cash
dividends to shareholders of record on the dates shown below. Each
of these dividends constituted a return of capital for U.S. Federal
Income Tax purposes.
Nondividend distributions made to holders of Logility Supply
Chain Solutions, Inc. Common Stock (Ticker Symbol: LGTY,
CUSIP:029683109) were as follows:
Record Date
Payable Date
Distribution Rate per
Share
Return of Capital % of
Distribution
2/2/2024
2/16/2024
$0.11
26.587%
5/3/2024
5/17/2024
$0.11
29.313%
8/16/2024
8/30/2024
$0.11
53.137%
11/15/2024
11/29/2024
$0.11
71.513%
Part II, Box 15
Each shareholder that received a dividend with respect to a
share held on the Record Date must reduce its tax basis in that
share by the percentage reflected of the amount of the dividend
recorded that was a return of capital. To the extent that the
dividends received exceed a shareholder’s tax basis in the share,
the excess will constitute a taxable gain. Shareholders should
consult their tax advisors with respect to the U.S. Federal Income
Tax treatment of any such gain as the tax treatment of the gain
will depend on the shareholder’s individual tax circumstances.
Part II, Box 16
Please see Part II, Box 15 above for a general description of a
shareholder’s change in basis calculation. The amount of the basis
reduction described will be measured by the amount of cash
distributions received.
Part II, Box 17
Tax consequences are determined under Sections 301(c) and 1001
of the Code.
Part II, Box 18
No tax loss will arise from the receipt of these cash
distributions.
Part II, Box 19
Adjustments to the tax basis of stock (and of any taxable gain)
resulting from these cash distributions are reportable in the tax
period in which each distribution was received. For calendar year
taxpayers, the reportable tax year for the aggregate distributions
received is 2024.
Individual tax consequences may vary. Shareholders are urged
to consult their own tax advisors. The information contained herein
does not constitute tax advice. It is not intended or written to be
used, and cannot be used, for the purpose of avoiding tax
penalties.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250121242980/en/
Vince C. Klinges Chief Financial Officer Logility Supply Chain
Solutions, Inc. (404) 264-5477
Logility Supply Chain So... (NASDAQ:LGTY)
Historical Stock Chart
From Jan 2025 to Feb 2025
Logility Supply Chain So... (NASDAQ:LGTY)
Historical Stock Chart
From Feb 2024 to Feb 2025