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Tax Information

Record Date Retained capital gains per share Federal income taxes paid per share Increase in tax basis per share
Mar 31, 1968 $0.5041 $0.1292 $0.3749
Mar 31, 1969 $0.3102 $0.0852 $0.2250
Mar 31, 1970 $0.2366 $0.0662 $0.1704
Mar 31, 1983 $1.2106 $0.3390 $0.8716
Mar 31, 1984 $0.1797 $0.0503 $0.1294
Mar 31, 1985 $0.3469 $0.0971 $0.2498
Dec 31, 1986 $3.2523 $0.9106 $2.3417
Dec 31, 1989 $3.2378 $1.1008 $2.1370
Dec 31, 1991 $5.9375 $2.0187 $3.9188
Dec 31, 1992 $2.0823 $0.7080 $1.3743
Dec 31, 1996 $4.7546 $1.6641 $3.0905
Dec 31, 1997 $4.9821 $1.7437 $3.2384
Dec 31, 1998 $0.2001 $0.0700 $0.1301
Dec 31, 1999 $3.0474 $1.0666 $1.9808
Dec 31, 2005 $3.5761 $1.2516 $2.3245
Dec 31, 2006 $8.1469 $2.8514 $5.2955
Dec 31, 2008 $3.9883 $1.3959 $2.5924
Dec 31, 2009 $0.622 $0.2177 $0.4043
Dec 31, 2010 $18.7106 $6.5487 $12.1619
Dec 31, 2011 $0.9504 $0.3326 $0.6178
Dec 31, 2012 $0.8478 $0.2967 $0.5511
Total as of
Dec 31, 2012
$67.1243 $22.9441 $44.1802
4:1 split $16.7811 $5.7360 $11.0451
Dec 31, 2013 $0.7080 $0.2478 $0.4602
Tax basis adjustments for shareholders who have owned stock since
March 31, 1968, now total $11.5053.

For Shareholders on December 31, 2013

We met the applicable requirements of the Internal Revenue Code for federal income tax treatment as a regulated investment company. Shareholders should consider the following when preparing 2013 tax returns:

Cash Dividends

IRS Form 1099 reflects the $0.10 per share dividend paid on May 31, 2013, and the $0.10 per share dividend paid on November 29, 2013, which are qualified dividends and taxable at a maximum rate of 15% for individuals, estates or trusts. During the year ended December 31, 2013, we distributed capital gain dividends in the amount of $0.69 per share to our shareholders.

Retained Long-Term Capital Gains

During the year ending December 31, 2013, we realized taxable long-term capital gains of $10,819,079 ($0.7080 per share) and will pay federal income taxes of 35%, equivalent to $3,786,678 ($0.2478 per share). We elected to retain these gains and, as a regulated investment company, designated them to shareholders of record on December 31, 2013. The tax effect is the same as if the capital gains had been distributed to our shareholders, who then elected to reinvest 65% of the amount received. The 35% capital gains tax paid by Capital Southwest is considered to have been paid on behalf of the shareholders.

For Shareholders from 1968 through 2013

In certain years from 1968 through 2013, we made elections to retain taxable net long-term capital gains. The table shows the record dates for all years for which we made such elections and the per share amounts of the retained long-term capital gains, the federal income taxes paid and the amounts by which shareholders on each record date are entitled to increase the tax basis of each share (adjusted for stock splits in 1976, 1981 and 1987).