Business Wire | Feb 20, 2021 08:51PM EST

B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2020

Feb. 21, 2021

PARSIPPANY, N.J.--(BUSINESS WIRE)--Feb. 21, 2021--B&G Foods, Inc. (NYSE: BGS) today explained the tax treatment for dividends paid in 2020 on the Company's common stock. Holders are urged to check their 2020 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

Additional information concerning the tax treatment of dividends paid in 2020 is posted to the Investors section of B&G Foods' website, www.bgfoods.com, under the headings "FAQs" and "IRS Form 8937." Holders are also urged to consult their own tax advisors to determine their individual tax treatment.

In 2020, B&G Foods distributed $1.90000 per share of common stock (CUSIP # 05508R 10 6). Based on U.S. federal income tax laws, B&G Foods has determined that of such distributions, 74.95153% (or $1.42408 per share) will be treated as a taxable dividend and 25.04847% (or $0.47592 per share) will be treated as a return of capital. Generally, the portion of the distribution on the common stock that is treated as a return of capital should reduce the tax basis in the shares of common stock up to a holder's adjusted basis in the common stock, with any excess treated as capital gains.

The table below summarizes the tax treatment for dividends paid in 2020 on the Company's common stock.

Declaration Record Payment Total Per 2020 2020 ReturnDate Date Date Share Taxable of Distribution Dividend Capital

10/29/2019 12/31/ 1/30/2020 $0.47500 $0.35602 $0.11898 2019

2/24/2020 3/31/2020 4/30/2020 $0.47500 $0.35602 $0.11898

5/13/2020 6/30/2020 7/30/2020 $0.47500 $0.35602 $0.11898

7/28/2020 9/30/2020 10/30/ $0.47500 $0.35602 $0.11898 2020



2020 Totals $1.90000 $1.42408 $0.47592

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods' diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary's, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there's a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

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