If you receive a settlement check in the coming days ranging from $10-$40 from FEF Settlement Fund you were identified as a shareholder of a First Eagle Fund during the time which administrative investigations were conducted and proceedings founded by the SEC. You have two options with these checks.
- You may deposit them back into the account to which the shares derived, which will be marked as a 60-day Rollover. This will carry no taxable impact.
- You may cash the checks or deposit them to your checking account. If you choose this method, any shares derived from a retirement account will be taxable as income and any derived from non-retirement will be capital gains.
In either case, you should receive a 1099 from FEF at the beginning of next year. If you choose to roll them over please keep copies for your tax preparer.