Important Notice the Depository Trust Company
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Important Notice The Depository Trust Company B #: 2620-16 Date: February 19, 2016 To: All Participants Category: Dividends From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief – Country: Germany BNY Mellon Subject: MARKET NOTICE: CHANGES TO GERMAN DR QUICK RECLAIM PROCESS Participants can use DTC’s Corporate Actions Web (CA Web) service to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult TaxInfoSM respectively before certifying their instructions over the CA Web. Important: Prior to certifying tax withholding instructions, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TaxInfo on the CA Web. Questions regarding this Important Notice may be directed to GlobeTax 212-747-9100. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages. To ensure compliance with Internal Revenue Service Circular 230, you are hereby notified that: (a) any discussion of federal tax issues contained or referred to herein is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code; and (b) as a matter of policy, DTC does not provide tax, legal or accounting advice and accordingly, you should consult your own tax, legal and accounting advisor before engaging in any transaction. DTCC offers enhanced access to all important notices via a Web-based subscription service. The notification system leverages RSS Newsfeeds, providing significant benefits including real-time updates and customizable delivery. To learn more and to set up your own DTCC RSS alerts, visit http://www.dtcc.com/subscription_form.php. Non-Confidential 1 MARKET NOTICE: CHANGES TO GERMAN DR QUICK RECLAIM PROCESS The dividend issues which may be impacted by this change should they pay a dividend subject to German withholding tax: Issue Name CUSIP: BAYER 072730302 HUGO BOSS 444560106 FRESENIUS MEDICAL 358029106 BAYERISCHE MOTOREN 072743206 CARE – COM WERKE AG HANNOVER RUECK SE 410693105 BILFINGER BERGER AG 09003Q100 HENKEL – PREF 42550U208 CARL ZEISS MEDITEC 14218T105 HENKEL KGAA – 42550U109 FUCHS PETROLUB SE 35952Q106 COMMON PREF K+S 48265W108 DEUTSCHE BOERSE 251542106 RWE 74975E303 HEIDELBERGCEMENT 42281P205 SOFTWARE AG 83403H101 MAN - COM 561641101 MERCK KGAA 589339100 OSRAM LICHT 68840Y106 METRO AG 59160R102 PORSCHE 73328P106 MTU AERO ENGINES 62473G102 PROSIEBENSAT.1 MEDIA 743476202 RHEINMETALL 76206K107 RIB SOFTWARE 74965G102 SALZGITTER 795842202 SYMRISE 87155N109 TUI 899045108 WINCOR NIXDORF 97315H108 Effective immediately, the use of DTC’s CA Web Instructions module for German DR programs will be limited to U.S. resident beneficiaries only. DTC participants can make their elections through the CA Web Instructions module and receive payment for these beneficial owners through DTCC. Non-U.S. residents will continue to be eligible to participate in the quick reclaim process, and will be filed simultaneously to their U.S. counterparts but will be handled outside of DTCC. Non-U.S. residents should not be included in your CA Web Instructions and they will be paid by check or ACH payment. All beneficial owners should be submitted through GlobeTax’s ESP portal. For full details regarding rates and documentation requirements, please refer to the DTC Important Notices published for each reclaim-eligible dividend event. Please contact Danette Moore of BNY Mellon / GlobeTax at 1-800-915-3536 with further questions. The information contained in this notice is for information purposes only and may be subject to change. We endeavor to provide up-to-date information on local requirements as new information becomes available. All final rules and requirements will be outlined in each applicable DTC Important Notice and will take precedence over this general market notice. IRS Circular 230 Disclosure: BNY Mellon, its affiliates, and its employees are not in the business of providing tax or legal advice to any taxpayer. This notice and any attachments are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor .