Examples of Tribune Common Stock in a sentence
The shares of Tribune Common Stock to be issued in connection with the Merger, when issued as contemplated herein, will be duly authorized, validly issued, fully paid and nonassessable and will not be issued in violation of any preemptive rights.
The tax basis of Tribune Common Stock received in the Merger will be equal to the tax basis of the Shares surrendered (or considered surrendered) in exchange therefor, increased by any gain recognized (including any amount treated as a dividend) and decreased by any cash received in the transaction, provided that the Shares were held as a capital asset.
A sample written affirmation can be found here (2018-1 Advisory at Attachment C).
However, if you exchange your Shares for a combination of Tribune Common Stock (in the Merger) and cash (in the Offer and/or Merger), you will recognize gain, but not loss, in the exchange.
If you exchange all of your Shares in the Merger solely for shares of Tribune Common Stock, your receipt of Tribune Common Stock would not be a taxable transaction for federal income tax purposes, other than gain attributable to the receipt of cash in lieu of fractional shares of Tribune Common Stock, which will generally be treated as received in a redemption and would generally give rise to capital gain or loss.
For example: If you tender 75 percent of the shares in your account, then 75 percent of those shares will be tendered from your Tribune Common Stock Fund and your Tribune Common ESOP Stock Fund.