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Tax Treatment of Dividends

Entergy Louisiana, LLC Preferred Distributions - 2015

Entergy Louisiana, LLC has determined that preferred stock distributions paid during 2015 should be reported as return of capital.

Tax Treatment of 2011 – 2014 Distributions from Entergy Securities

ETR

Entergy Corporation

Qualified Dividend

EGRKN

Entergy Arkansas, 4.32% Series Cumulative Preferred Stock

Qualified Dividend

EGRKM

Entergy Arkansas, 4.56% 1965 Series Cumulative Preferred Stock

Qualified Dividend

EGRKH

Entergy Arkansas, 4.56% Series Cumulative Preferred Stock

Qualified Dividend

EGRKI

Entergy Arkansas, 4.72% Series Cumulative Preferred Stock

Qualified Dividend

EAB

Entergy Arkansas, 4.90% Series First Mortgage Bonds due 12/1/2052

Form 1099-INT

EAA

Entergy Arkansas, 5.75% Series First Mortgage Bonds due 11/1/2040

Form 1099-INT

EGYKP

Entergy Arkansas, 6.08% Series Cumulative Preferred Stock

Qualified Dividend

EGXKP

Entergy Arkansas, 6.45% Cumulative Preferred Stock

Qualified Dividend

EAE

Entergy Arkansas, First Mortgage Bonds, 4.75% Series due 6/1/2063

Form 1099-INT

EYGUL

Entergy Gulf States, Inc. Pref Ser A 8.25 144A

Qualified Dividend

n/a

Entergy Louisiana LLC, 4.80% First Mortgage Bonds due 5/1/2021

Form 1099-INT

ELJ

Entergy Louisiana LLC, 5.25% Series First Mortgage Bonds, due 7/1/2052

Form 1099-INT

ELA

Entergy Louisiana LLC, 5.875% Series First Mortgage Bonds due 6/15/2041

Form 1099-INT

ELB

Entergy Louisiana LLC, 6.00% Series First Mortgage Bonds due 3/15/2040

Form 1099-INT

ELUOP

Entergy Louisiana LLC, 6.95% Perp Cumul Pfd Membership Interest, Series A

Qualified Dividend*

ELU

Entergy Louisiana, 4.70% Series First Mortgage Bonds due 6/1/2063

Form 1099-INT

EYMSN

Entergy Mississippi, 4.36% Series Cumulative Preferred Stock

Qualified Dividend

EYMSP

Entergy Mississippi, 4.56% Series Cumulative Preferred Stock

Qualified Dividend

EYMSM

Entergy Mississippi, 4.92% Series Cumulative Preferred Stock

Qualified Dividend

EMQ

Entergy Mississippi, 6.00% Series First Mortgage Bonds due 11/1/2032

Form 1099-INT

EMZ

Entergy Mississippi, 6.00% Series First Mortgage Bonds due 5/1/2051

Form 1099-INT

EFM

Entergy Mississippi, 6.20% Series First Mortgage Bonds due 4/15/2040

Form 1099-INT

EYMXP

Entergy Mississippi, 6.25% Series Cumulative Preferred Stock

Qualified Dividend

EYNOP

Entergy New Orleans, 4.36% Series Cumulative Preferred Stock

Qualified Dividend

EYNOO

Entergy New Orleans, 4.75% Series Cumulative Preferred Stock

Qualified Dividend

ENJ

Entergy New Orleans, 5.00% Series First Mortgage Bonds due 12/1/2052

Form 1099-INT

EYNON

Entergy New Orleans, 5.56% Series Cumulative Preferred Stock

Qualified Dividend

EZT

Entergy Texas, 5.625% Series First Mortgage Bonds due 6/1/2064

Form 1099-INT

 

Entergy New Orleans, Inc. Preferred Distributions - 2012

* Entergy Louisiana, LLC Preferred Distributions -2012

Entergy Corporation and Subsidiary Companies (“ETR”) received a Revenue Agent’s Report (RAR) from the Internal Revenue Service (IRS) for the years 2008 and 2009. In addition, ETR has completed and filed its federal income tax return for calendar year 2012. As a result, ETR has updated its computation of corporate earnings and profits.

The portion of a corporation’s distributions to shareholders, with respect to its stock (or membership interests in the case of Entergy Louisiana, LLC) that is paid from current and accumulated earnings and profits, is taxable to shareholders as a dividend. The portion of such distributions that exceeds a corporation’s earnings and profits shall be applied against and shall reduce the shareholder’s adjusted tax basis of the stock (or membership interest). That portion of the distribution which is not a dividend, to the extent it exceeds the adjusted tax basis of the stock (or membership interest) shall be treated as a gain from the sale or exchange of property. Such gain may be long-term capital gain, short-term capital gain or ordinary income, depending on a shareholder’s holding period and other factors.

Corporate earnings and profits for any given year cannot be determined with certainty until after taxable income as reported on that year’s tax return is finalized. IRS audit adjustments to prior years’ taxable income will also cause accumulated earnings and profits to change from what was originally reported.

Therefore as a consequence: 

  1. Entergy New Orleans, Inc. has determined that preferred stock distributions paid during 2012, which were originally reported as return of capital, should have been reported as taxable dividends and as qualified dividends.
  2. Entergy Louisiana, LLC has determined that preferred stock distributions paid during 2012, which were originally reported as taxable dividends, should have been reported as return of capital.

We regret any inconvenience caused by these recomputations. Forms 8937 are included below. Affected shareholders should contact their tax advisors for assistance. The IRS also provides free tax information for investors on its website (www.irs.gov) in Publication 550 – Investment Income and Expenses (Including Capital Gains and Losses), and Publication 551 – Basis of Assets.