1099s to ATG Shareholders from PNC

Both 1099-B and 1099-DIV Needed to Prepare Your Taxes:

ATG engaged PNC Paid, LLC (PNC) to be its paying agent in connection with the closing of the Rate, Inc. - ATG transaction in April of 2022. PNC’s duties include preparing and mailing 1099s for the payments received. Shareholders should have received notification from PNC in January 2023:

  • Early January 2023: PNC mailed shareholders (at the address PNC had in its portal) a 2022 1099-B that incorrectly captured amounts that should have been reported on a 2022 1099-DIV Form.

  • Mid-January 2023: PNC emailed shareholders (at the email address PNC had in its portal) on January 13, 2023, advising you of three things regarding payments made to you in 2022: Disregard the original 1099-B Form you received from PNC; PNC will send corrected 1099-Bs; and PNC will send 1099-DIVs in the next few weeks.

Many of you have received the corrected 1099-B. We have been advised that the 1099-DIV will be mailed soon. You will need both the corrected 1099-B and the 1099-DIV to prepare your taxes. They will total the amount you received, plus any fees you paid.

If you have any questions, or if you have shares and have not yet been paid, please reach out to the ATG Sharepayments Team.

We thank you for your ongoing support and welcome your feedback.

Posted on: Wed, 02/22/2023 - 9:27am