MarketAxess Specifies Tax Treatment for 2012 Dividends
NEW YORK--(BUSINESS WIRE)--Feb. 25, 2013--
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading
electronic trading platform for U.S. and European corporate bonds,
emerging markets bonds and other types of fixed-income securities,
announces the tax treatment for its 2012 dividends.
MarketAxess paid an
aggregate of
$0.44 per share in quarterly dividends on its common
stock during 2012 and a special cash dividend of
$1.30 per share in
December 2012. For
United States federal income tax-reporting purposes,
the Company reported 49% of the 2012 dividends as a distribution in
excess of the Company's earnings and profits.
Distributions in excess of earnings and profits are generally treated as
a return of capital
to the extent of a stockholder’s basis in his or her shares.
Accordingly, these non-taxable distributions reduce that tax basis. Once
a stockholder’s basis is reduced to zero, these distributions generally
will be taxed as capital gains.
While the above information includes general statements about the tax
classification of dividends paid on MarketAxess common stock,
these statements do not constitute tax advice. The taxation of corporate
distributions can be complex, and stockholders are encouraged to consult
their own tax advisers to determine what impact the above information
may have on their specific tax situation.
For further information please visit the Investor relations section of
our website at: http://investor.marketaxess.com
About MarketAxess
MarketAxess operates a leading electronic trading platform that enables
fixed-income market participants to efficiently trade corporate bonds
and other types of fixed-income instruments using MarketAxess’ patented
trading technology. Over 1,000 investor and broker-dealer firms are
active users of the MarketAxess trading platform, accessing global
liquidity in U.S. high-grade corporate bonds, European bonds, high yield
and emerging markets bonds, agency bonds, asset-backed and preferred
securities and credit default swaps. MarketAxess also offers a number of
trading-related products and services, including: market data to assist
clients with trading decisions; connectivity solutions that facilitate
straight-through processing; technology services to optimize trading
environments; and execution services for exchange-traded fund managers
and other clients.
MarketAxess maintains its headquarters in New York and has offices in
London, Chicago, Salt Lake City, Hong Kong, Singapore and São Paulo. For
more information, please visit www.marketaxess.com.
Source: MarketAxess Holdings Inc.
Investor Relations:
MarketAxess Holdings Inc.
Tony
DeLise, +1-212-813-6017
tdelise@marketaxess.com
or
Media
Relations:
MarketAxess Holdings Inc.
Florencia Panizza,
+1-212-813-6029
fpanizza@marketaxess.com
or
William
McBride & Associates
William McBride, +1-917-239-6726
bill@wmmcbride.com