SECTION 4. Information for Filers of

Form 1099–CAP

Under revised § 1.6043–4T(b), a reporting corporation must file Form 1099–CAP with respect to its shareholders who are not exempt recipients. The list of exempt recipients is set forth in § 1.6043–4T(b)(5), and includes brokers. Clearing organizations are not exempt recipients under the revised regulations. Therefore, corporations must file Form 1099–CAP with respect to shares held by a clearing organization, and furnish a copy of the form to the clearing organization. Pursuant to § 1.6043–4T(b)(4), Form 1099–CAP must be furnished to clearing organizations by January 5 ^th of the year following the calendar year in which the transaction took place. Pursuant to Section 3 of this notice, Forms 1099–CAP otherwise due on January 5, 2004, must be furnished to clearing organizations no

later than January 12, 2004. Taxpayers, however, are encouraged to comply as soon as possible prior to January 12, 2004.

The Depository Trust Company (DTC) is a clearing organization which holds a large percentage of publicly issued securities, and is likely to receive Forms 1099–CAP pursuant to the provisions of § 1.6043–4T(b). In anticipation of receiving such forms, DTC has established a specific mailing address. DTC requests that Forms 1099–CAP be delivered via express mail or other overnight service to:

Tax Information Reporting Services Depository Trust & Clearing Corporation 55 Water Street — 25th Floor New York, NY 10041 (212) 855–4703

The envelope should be marked with the words:

TIME CRITICAL TAX INFORMATION FORM 1099–CAP

DTC will also accept Form 1099–CAP electronically. Forms should be emailed to:

1099CAP@dtcc.com in Adobe Acrobat PDF file format

Furnishing Forms 1099 to payees electronically is permitted pursuant to section 401 of the Job Creation and Worker Assistance Act of 2002, if the rules set forth in § 31.6051–1T(j) are followed.