Summary by Futu AI
Vistra Corp. has announced a tax payment of $392,481 for holders of Tax Receivable Agreement (TRA) Rights for the 2023 tax year, to be paid on December 2, 2024. The payment comprises $338,897 as a return of basis and $53,584 as interest income. Holders of record as of November 25, 2024, will receive the payment.The company estimates the value of each TRA Right at $2.99924 as of October 3, 2016, and has made prior payments totaling approximately $56,829,428. Since December 2023, Vistra has been repurchasing TRA Rights from registered holders, acquiring about 98% of initially issued rights as of September 30, 2024.Vistra notes that paying agents may be required to withhold up to 30% of the interest income for holders who have not provided a certified taxpayer identification number. Holders with questions regarding withholdings can contact the Transfer Agent at 1-800-937-5449 for account status inquiries.