Compass Diversified Holdings Provides Shareholders with 2019 Tax Information
February 20 2020 - 4:15PM
Compass Diversified Holdings (NYSE: CODI) (“CODI” or the
“Company”), an owner of leading middle market businesses, announced
today that by 6:00 p.m. Eastern Time tomorrow, February 21, 2020,
shareholders can click on this link: Compass Diversified Holdings
Tax Package or a link located in the Investor Relations section of
the Company’s website that will allow investors access to their
individual tax reporting information applicable to their ownership
of CODI along with instructions.
Tax Information On February
24th, the Company will commence mailing shareholders their
individual Investor Tax Reporting packages, which contain
instructions and a schedule summarizing their allocated share of
the Trust’s reportable tax items for the year ended December 31,
2019.
Shareholders should check their 2019 tax
statements received from Broadridge or from their brokerage firm in
order to ensure that the trustee tax information reported for the
company conforms to the information reported. Should you have any
questions regarding your Investor Tax Reporting package, please
contact Tax Support at 800-573-9088.
CODI is not subject to federal or state income
tax and the annual income, losses, deductions or credits of the
Trust flows directly to shareholders.
Tax Disclaimer The tax
information above should not be construed as tax advice and is not
a substitute for careful tax planning and analysis. You should
consult your own tax advisor regarding the specific federal, state,
foreign and other tax consequences to you regarding your ownership
of shares of the Company’s common stock.
About Compass Diversified Holdings
(“CODI”)CODI owns and manages a diverse family of
established North American middle market businesses. Each of its
current subsidiaries is a leader in its niche market.
CODI maintains controlling ownership interests
in each of its subsidiaries in order to maximize its ability to
impact long term cash flow generation and value. The Company
provides both debt and equity capital for its subsidiaries,
contributing to their financial and operating flexibility. CODI
utilizes the cash flows generated by its subsidiaries to invest in
the long-term growth of the Company and to make cash distributions
to its shareholders.
Our eight majority-owned subsidiaries are
engaged in the following lines of business:
- The design and marketing of
purpose-built tactical apparel and gear serving a wide range of
global customers (5.11);
- The manufacture of quick-turn,
small-run and production rigid printed circuit boards
(Advanced Circuits);
- The manufacture of engineered
magnetic solutions for a wide range of specialty applications and
end-markets (Arnold Magnetic Technologies);
- The design and marketing of
wearable baby carriers, strollers and related products
(Ergobaby);
- The design and manufacture of
custom molded protective foam solutions and OE components
(Foam Fabricators);
- The design and manufacture of
premium home and gun safes (Liberty Safe);
- The manufacture and marketing of
portable food warming fuels for the hospitality and consumer
markets, flameless candles and house and garden lighting for the
home decor market, and wickless candle products used for home decor
and fragrance systems (The Sterno Group); and
- The design, manufacture and
marketing of airguns, archery products, optics and related
accessories (Velocity Outdoor).
This press release may contain certain
forward-looking statements, including statements with regard to the
future performance of CODI. Words such as "believes," "expects,"
"projects," and "future" or similar expressions, are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions. Certain factors could cause actual
results to differ materially from those projected in these
forward-looking statements, and some of these factors are
enumerated in the risk factor discussion in the Form 10-K filed by
CODI with the SEC for the year ended December 31, 2018 as
retrospectively revised and recast through the Current Report on
Form 8-K filed on November 13, 2019, and other filings with the
SEC. Except as required by law, CODI undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Compass Diversified HoldingsRyan
J. FaulkinghamChief Financial
Officer203.221.1703ryan@compassequity.com |
Investor Relations Contact:The IGB Group Leon
Berman212.477.8438lberman@igbir.com |
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