Deerfield, Ill.-CF Industries Holdings Inc. said Feb. 1 that all dividends paid by Terra Industries Inc. in 2010 will, for U.S. federal income tax purposes, be classified as non-dividend distributions. The income tax character of the non-dividend distributions is based on Terra’s current and accumulated earnings and profits for the period ended April 5, 2010, the date on which CF Industries acquired a controlling stake in Terra. Terra issued two dividends in calendar year 2010: $0.10 per common share payable April 7, 2010, to holders of record on March 17, 2010, and $0.10 per common share payable April 22, 2010, to holders of record on April 1, 2010.
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