Titan Fair Fund Distribution

ATTENTION: The Titan Fair Fund distribution is closing soon. If you need to have your check reissued, please contact the Administrator on or before April 23, 2024 at 844-253-1470, Monday through Friday, between 9:00 AM and 6:00PM ET. Please cash your original or reissued check before May 28, 2024 otherwise you will forfeit this payment. Monies that are not cashed will be returned to the United States Treasury.

NOTE: Please DO NOT try to cash your original or reissued check(s) after May 28, 2024 as the payment will no longer be valid and your banking institution may charge you a fee for presenting a stale dated check. Neither Titan Fair Fund nor the distribution fund Administrator will be responsible for fees that your bank may charge for presenting a check(s) after May 28, 2024.

Please note, if your payment is addressed to an IRA or other retirement account, the check must be deposited into that specific account or there will likely be tax consequences. For more information, please visit the TAX INFORMATION and FAQ tabs on this website - www.titanfairfund.com.

What are the tax ramifications of this distribution?

Titan Global Capital Management USA LLC has retained Miller Kaplan Arase LLP (MKA) to provide tax advice to the Titan Fair Fund Qualified Settlement Fund, including regarding its information return reporting and withholding obligations. In addition, MKA prepared the Titan Qualified Settlement Fund "Statement to Affected Clients," or “Statement”.

Due to the complexities involved, we have included additional information about the tax consequences of this distribution which can be found below in the Statement. The Statement is not, and is not intended to be, tax advice to the affected clients. The Statement describes the tax reporting positions taken by the Titan Fair Fund Qualified Settlement Fund and points out some issues affected clients may wish to consider, along with their tax advisors.

STATEMENT TO AFFECTED CLIENTS.pdf

NOTE: You may wish to consult with your tax advisor with respect to the tax consequences of the distribution payment, including the effects of U.S. Federal, State, Local, and Non-U.S. tax rules and the effect of possible changes in laws.

Will I receive an IRS Form 1099 or 1042-S to use when filing my taxes for 2024?

You will receive a Form 1099-INT for the distribution if you are a U.S. person and the interest portion of your distribution is $600 or more. You will receive a Form 1042S if (i) you are a Non-Resident Alien, (ii) we do not have a W-8 and W-9 to prove your tax status, or (iii) you are subject to FATCA reporting. You will not receive a 1099-INT if your investment was held in an IRA or a Qualified Plan. You may wish to consult your tax advisor regarding the interest component. The 1099-INT or 1042S will be produced and mailed under separate cover by Miller Kaplan Arase, LLP (MKA) and reported to the IRS for the tax year in which the payment is made.

NOTE: You should consult with your tax advisor to determine any federal, state, local, non-US or other tax issues you may need to address regarding the distribution.

CAUTION: Consult with your tax advisor because the rules related to IRA and tax-qualified retirement plans transfers and rollovers are complicated, and failure to comply with those rules could subject the payment to income tax and a 10% additional tax. It could also impact your ability to rollover other retirement funds.

Additional information on the possible tax treatment of this payment is available on the IRS website: www.irs.gov.

For additional questions related to your payment, re-issuing payments to or from IRA accounts, or if you are the beneficiary of a payment made to a deceased shareholder, please Contact Us for further information.

Final Form 5500
If your plan is no longer active or has been abandoned, you may find the final form 5500 for your former Tax-Qualified Retirement Plan on www.freeerisa.com.

Substitute Form W-9: Substitute Form W-9.pdf
For use by beneficiaries who received a check written to an individual that was not an IRA, Retirement or Defined Benefit Plan and it should be reissued to the beneficiary.