When did Time Inc. spin-off from Time Warner?

Time Inc. completed its separation from Time Warner through a spin-off involving a pro rata dividend distribution of all of the Time Inc. common stock held by Time Warner to Time Warner stockholders. The distribution was made on June 6, 2014 to Time Warner stockholders of record as of close of business on May 23, 2014 (the record date for the distribution).

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How many shares of Time Inc. should I have received?

Time Warner stockholders received 1 share of Time Inc. common stock for every 8 shares of Time Warner common stock they held on the record date of May 23, 2014. The distribution of shares was made in book-entry form.

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When were the shares of Time Inc. distributed?

The distribution date for the Time Inc. shares was June 6, 2014.

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What was the stock price of Time Inc. common stock on the first full trading day after the spin-off?

The closing price reported on the New York Stock Exchange Composite Tape on 6/9/2014 was $23.30

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What are the tax consequences of Time Inc.’s spin-off from Time Warner to Time Warner shareholders of the Time Inc. distribution?

Time Warner stockholders are not expected to recognize any gain or loss for U.S. federal income tax purposes, except with respect to cash received in lieu of fractional shares. The tax consequences of the distribution are explained more fully in the Information Statement dated May 9, 2014, noting especially pages 35-38 under the heading “The Spin-Off — Material U.S. Federal Income Tax Consequences of the Spin-Off." The Information Statement is posted on the Investor Relations page of Time Warner’s website: Time Warner Investor Relations.


In addition, U.S. stockholders who, immediately before the spin-off owned 5% or more of the total outstanding Time Warner common stock or owned Time Warner securities with an aggregate tax basis of $1 million or more, are generally required to complete and file a statement related to the dividend distribution in connection with the spin-off with their U.S. federal income tax returns for the year in which the distribution occurs. For more information about this tax information statement, see “Tax Information Statement To Be Filed By Certain Stockholders” posted on the Investor Relations page of Time Warner’s website: Time Warner Investor Relations. 

You are urged to consult your own tax advisor regarding the particular consequences of the distribution to you, including the applicability and effect of any U.S. federal, state and local, Canadian federal, provincial and territorial and other foreign tax laws.
 

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What is the tax basis in my Time Warner common stock and the Time Inc. common stock that I received in the distribution?

Information regarding the determination of the tax basis in your Time Warner common stock and the Time Inc. common stock that you received in the distribution are explained more completely in the “Tax Basis Information” that is posted on the Investor Relations page of Time Warner’s website: Time Warner Investor Relations.

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How can I change my address on my account?

Promptly notify Computershare via their website at www.computershare.com when you move, so your account records can be updated.

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Can I have my dividends directly deposited to my bank account?

As a Time Inc. shareholder, you may have your dividend payments deposited into your checking, savings, or money market account. Simply notify Computershare to obtain an authorization form.

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Can I reinvest my dividends?

We do not offer a dividend reinvestment plan for registered shareholders.  If you hold your shares through a bank or broker, please contact your financial institution to see if they offer such a plan.

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What should I do if I don't receive or happen to misplace a dividend check, direct dividend deposit confirmation, or 1099 form?

Contact either Computershare via their website www.computershare.com or by email at to report non-receipt or loss.

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When does Time Inc. report earnings? How can I listen to the webcast for the earnings report?

You can visit our Events & Presentations page.

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How can I obtain a copy of the most recent quarterly or annual report?

You can visit our Financial Reports page.

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Where can I find all of Time Inc.'s SEC filings?

You can access our SEC Filings under Financial Reports on our website.

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When can I contact Computershare by telephone for account information?

Shareholder account information is available 24 hours per day, seven days per week through Computershare's interactive voice response system at the toll-free number:

Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940
+1-866-298-8535
+1-781-575-2879
www.computershare.com

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Do you have another question that hasn't been answered?

Contact Investor Relations

Investor Relations

Time Inc.
1271 Avenue of the Americas
New York, NY

800.541.4100

Email: invest@timeinc.com

Website: invest.timeinc.com

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NYSE: TIME 12.03 +0.23 +1.91% Volume: 104,335 Oct 20, 2017 10:16 AM Pricing delayed 20 minutes

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Contact Investor Relations

Investor Relations
Time Inc.
225 Liberty Street
New York, NY 10281

800.541.4100

invest@timeinc.com
invest.timeinc.com