Trinseo Publicizes Quarterly Dividend – MyChesCo

BERWYN, PA – Trinseo (NYSE: TSE), a global materials solutions provider and maker of plastics, latex binders, and synthetic rubber, announced that its board of directors has approved a quarterly dividend of $ 0.08 per share.

The dividend is a cash distribution payable to shareholders of record on April 22, 2021 at the close of business on April 8, 2021.

Tax considerations

Trinseo is a limited liability company under Luxembourg law. Under current Luxembourg tax law, distributions to shareholders on the repayment of equity or share bonuses are not subject to Luxembourg withholding tax. Distributions made by Trinseo before 2020 were repayments of equity or share bonuses and were therefore not subject to Luxembourg withholding tax.

The Company states that this quarterly distribution will be considered a dividend on the common shares and will be subject to withholding tax at 15% under Luxembourg law. Trinseo will deduct this tax from the dividends paid to our shareholders and pass this tax on to the Luxembourg tax authorities.

Trinseo also contends that certain withholding tax exemptions or reductions may apply to shareholders based on Luxembourg tax legislation or applicable income tax treaties. Shareholders should consult their own tax advisers on the possibility of claiming available refunds with the Luxembourg tax authorities. Trinseo SA’s RCSL number is B153549.

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