Capital Southwest Corporation has reported the U.S. federal income tax treatment of its 2024 dividends. The company paid dividends totaling $2.53 per share, with 100.00% of those dividends comprised of ordinary income, including net short-term capital gains.
For the tax year ended December 31, 2024, approximately 92.89% of Capital Southwest’s dividends relate to interest and short-term capital gains. Non-U.S. residents and foreign corporation shareholders in a regulated investment company, such as Capital Southwest, are exempt from U.S. withholding tax on both "interest-related" dividends and short-term capital gains.
The company posted information regarding the U.S. federal income tax characteristics of its dividends attributable to 2024 on its website. Non-U.S. shareholders are advised to refer to the "Tax Treatment of 2024 Dividends for Non-U.S. Shareholders" posted on the company's website for more details.
It's worth mentioning that dividends distributed to Non-U.S. Shareholders may have been withheld to pay U.S. federal income tax, and they are advised to contact their tax advisor with any questions regarding this information and its application to any claim for refund of taxes paid to the U.S. Internal Revenue Service. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $22.51. Check out the company's full 8-K submission here.
