On January 11, 2024, MBIA Inc. disclosed the tax implications of its recent extraordinary cash dividend through IRS Form 8937, which was made available on the company's website. The document clarifies the tax treatment for shareholders concerning the $8.00 per share dividend distributed on December 22, 2023, to those on record as of December 18, 2023. According to the form, the dividend is expected to be considered a tax-free return of capital to the extent of each shareholder's adjusted cost basis in the shares. Any amount exceeding the cost basis will be subject to capital gains tax. This information is furnished and not filed, as per Regulation FD Disclosure of Form 8-K. MBIA Inc. has also indicated that the IRS Form 8937 will be updated post the release of the full year 2023 financial results, which is scheduled for February 28, 2024. Shareholders are advised to consult with tax professionals to understand the personal implications of the dividend receipt.

On January 11, 2024, MBIA Inc. disclosed the tax implications of its recent extraordinary cash dividend through IRS Form 8937, which was made available on the company's website. The document clarifies the tax treatment for shareholders concerning the $8.00 per share dividend distributed on December 22, 2023, to those on record as of December 18, 2023. According to the form, the dividend is expected to be considered a tax-free return of capital to the extent of each shareholder's adjusted cost basis in the shares. Any amount exceeding the cost basis will be subject to capital gains tax. This information is furnished and not filed, as per Regulation FD Disclosure of Form 8-K. MBIA Inc. has also indicated that the IRS Form 8937 will be updated post the release of the full year 2023 financial results, which is scheduled for February 28, 2024. Shareholders are advised to consult with tax professionals to understand the personal implications of the dividend receipt.