Distribution Code

CRSP describes company distributions and corporate actions in the distribution history with a 4-digit code. The first digit describes the type of distribution. The second digit describes the payment method. The third digit augments the type denoted by the first digit. The fourth digit provides information regarding the tax status of the distribution. See Distribution Codes for details.

CRSP has not verified the tax status of ordinary cash dividends since 1987. CRSP assigns the most common tax code, taxable as dividend, to ordinary dividends to these issues. CRSP does verify the tax status of stock distributions and distributions associated with rights offerings, spin-offs, liquidations, mergers, reorganizations, and exchanges.