Sioux City-Terra Industries Inc. reports that approximately $6.87 of the $7.50-per-share special cash dividend paid on Dec. 11, 2009, will, for U.S. federal income tax purposes, be classified as a qualified, ordinary dividend. Approximately $0.63 of the dividend will be classified as a non-dividend distribution. The income tax character of the special cash dividend was based on Terra’s accumulated and current earnings for the year ending Dec. 31, 2009.
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