Shareholders to receive 1099s for taxes in January

After Dec. 31, CIRI’s accounting and finance department will be able to determine the proper treatment of the various types of distributions CIRI made to shareholders in 2010 with respect to IRS 1099 reporting requirements. Once the proper treatment is determined, CIRI’s website and dividend hotline will be updated. An article discussing how CIRI distributions will be reported to the IRS will also appear in the February issue of Raven’s Circle. CIRI’s IRS Forms 1099 will be mailed to shareholders no later than Jan. 31, 2011, as required by law.