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Capital Changes Daily on the Internet

Every business day, Capital Changes Daily delivers fast-breaking capital changes developments that can affect the federal income tax of securities holders. Information is delivered via your choice of Internet, Lotus Notes, or Direct Data Feed. The Direct Data Feed can be fully integrated into your internal systems. Be ready with the up-to-date information you and your clients need.

Features and Benefits
Features unique to Capital Changes Daily:

• Includes CUSIP (R)* numbers for quick look-ups.
• Data elements are organized into a matrix for ease of review and comparison.

• Experienced CCH editors with legal, tax and accounting backgrounds monitor publicly held companies, providing reports on all activities that might have tax consequences for shareholders.
• The CCH Basis Factor makes it easy to calculate changes to basis resulting from capital changes.
• Precise reporting of fair market values and changes in basis resulting from corporate actions allow subscribers to properly book a transaction.
• Includes summaries of taxability provided by the company, its tax counsel, or its accountants regarding tax consequences of corporate distributions.
• CCH explanations offer insight concerning complicated issues.

* CUSIP—Copyright 2000, American Bankers Association. CUSIP Database provided by the CUSIP Service Bureau, Standard & Poor's, a division of McGraw-Hill, Inc.