Distributions we pay to U.S. shareholders will be treated as a dividend for U.S. federal tax purposes to the extent the distributions come from current and accumulated earnings and profits (“E&P”) and as a non- dividend distribution to the extent that distributions exceed E&P.
Distributions to a non-U.S. shareholder will not be subject to U.S. federal income tax or withholding if the non-U.S. shareholder is not engaged in a U.S. trade or business.
We believe that 100% of all distributions will be taxed as dividends for the foreseeable future.
Teekay Corporation, Teekay Tankers Ltd. and Teekay Offshore Partners L.P. shareholders/unitholders receive a Form 1099 for tax purposes which is provided by your broker. Please contact your broker directly for all 1099 form inquiries.