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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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.
The distribution date for the Time Inc. shares was June 6, 2014.
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.
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.
Promptly notify Computershare via their website at www.computershare.com when you move, so your account records
can be updated.
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.
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.
Contact either Computershare via their website www.computershare.com or by email at to report non-receipt or loss.
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Computershare Trust Company, N.A.
P.O. Box 43078
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1271 Avenue of the Americas
New York, NY
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