At a Board of Trustee’s meeting held on Saturday, March 21, the Trustee’s declared the 2020 Heritage Distribution.
The amount of the Heritage Distribution is $12.89 per share to be issued on April 15.
The Heritage Distribution amount was declared in accordance with the Trust’s Distribution Policy based upon a contribution from SNAI. This contribution could have been distributed from SNA as a taxable dividend. Instead, this Trust will be tax free to SNAI Shareholders.
Because the Heritage Distribution is tax free, please do not expect a 1099 for this distribution or any Trust distributions.