The merger between Puget Energy and Puget Holdings on Feb. 6, 2009 converted all common stock into a right to receive a cash payment. As a result, it is a taxable transaction for U.S. federal income tax purposes. Generally, shareholders will need to tabulate their cost basis in order to report a capital gain or loss on their federal income tax return.
Wells Fargo Shareowner Services will mail all former common shareholders a Form 1099 DIV, as well as a Form 1099-B for the merger consideration payment to their address of record. Shareholders can determine cost basis information by referencing their annual fourth quarter statements. It is recommended that a tax advisor be consulted for help in this matter.
Although neither Puget Energy, nor Wells Fargo can provide actual cost basis, historical dividend and stock-price information can be found at the following link:
Dividend history for Puget Energy, including
PSD Historical Stock Quotes 1985 - 2009
Daily closing stock quotes for Jan. 2, 1985 through Feb. 6, 2009 (merger closing date) can be accessed through the link provided above.
Cost basis calculation service available here from NetBasis.
Puget Energy does not make any representation about the accuracy of these stock quotes.
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