Pursuant to Internal Revenue Code Section 6045B, Corebridge Financial, Inc. is reporting to all shareholders of record the character of its 2023 cash distributions and non-public share repurchases treated as cash distributions (collectively, “distributions”).
The determination of whether a distribution is treated as a taxable dividend or non-taxable return of capital to shareholders is based upon Corebridge’s U.S. earnings and profits. Corebridge has published on its website final 2023 IRS Forms 8937 to reclassify the portion of its 2023 distributions treated as return of capital for federal income tax purposes. The reclassification impacts certain shareholders’ tax basis in Corebridge common stock as a result of changes to Corebridge’s final U.S. earnings and profits for 2023, as determined after Corebridge filed its U.S. corporate tax returns with the IRS for 2023. These final 2023 IRS Forms 8937 supersede the estimated 2023 IRS Forms 8937 which were posted in January 2024. The estimated 2023 IRS Forms 8937 remain posted to our website, marked as “superseded.” See the Forms below for additional information.
Corebridge encourages shareholders of record to consult with the financial institution which holds their Corebridge shares about receiving a corrected 2023 IRS Form 1099-DIV.
Corebridge encourages shareholders of record to consult with their tax professional for the proper tax treatment of any Corebridge distributions for inclusion in the shareholder of record's tax return, including for federal, state, local or foreign tax purposes.