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DALLAS, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today the U.S. federal income tax treatment of its 2024 dividends.
U.S. Federal Income Tax Treatment of 2024 Dividends
Capital Southwest paid dividends totaling $2.53 per share that are attributable to the tax year ended December 31, 2024, with 100.00% of those dividends comprised of ordinary income, including net short-term capital gains. The Company has posted information regarding the U.S. federal income tax characteristics of its dividends that are attributable to 2024 on its website (http://www.capitalsouthwest.com/tax-information).
The amounts shown in the table below represent the final classification of the Company’s 2024 dividends. This information supersedes any estimated information you may have received during the year. Calendar-year 2024 dividends are classified as follows:
| Form 1099-DIV Reporting | Box 1a | Box 1a and Box 1b | Box 2a | Non-U.S. Shareholder | Non-U.S. Shareholder | ||||||||||||
| Record Date | Payment Date | Distribution per Share | Ordinary Dividend Per Share (i) | Qualified Dividends Per Share (i), (ii) | Long-Term Capital Gain Per Share (iii) | % of Interest-Related and Short-Term Capital Gain (iv) | % of Distributions Exempt from U.S. Withholding Tax (v) | ||||||||||
| 03/15/24 | 03/29/24 | $ | 0.6300 |
| $ | 0.6300 |
| $ | - |
| $ | - |
| 92.89 | % | 92.89 | % |
| 06/14/24 | 03/28/24 | $ | 0.6300 |
| $ | 0.6300 |
| $ | - |
| $ | - |
| 92.89 | % | 92.89 | % |
| 09/13/24 | 09/30/24 | $ | 0.6400 |
| $ | 0.6400 |
| $ | - |
| $ | - |
| 92.89 | % | 92.89 | % |
| 12/13/24 | 12/31/24 | $ | 0.6300 |
| $ | 0.6300 |
| $ | - |
| $ | - |
| 92.89 | % | 92.89 | % |
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| $ | 2.5300 |
| $ | 2.5300 |
| $ | - |
| $ | - |
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| % of Total Dividend |
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| Paid Per Share |
| 100.00 | % |
| 100.00 | % |
| 0.00 | % |
| 0.00 | % | 92.89 | % | 92.89 | % |
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(i) Form 1099-DIV Box 1a includes the combined amounts of the columns "Ordinary Dividend Per Share" and "Qualified Dividends Per Share," contained within table above.
(ii) The portion of the dividend reported in Box 1a treated as Qualified Dividend is reported on Form 1099-DIV in Box 1b.
(iii) Net Capital Gain Dividend is reported on Form 1099-DIV in Box 2a.
(iv) The Company designates the above percentages of each of the total dividends by payment date as Interest-Related Dividend and Short-Term Capital Gain Dividend in accordance with Sections 871(k) and 881(e) under the Internal Revenue Code (the "Code").