---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-006671"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:45:11.433028+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MBIA provides tax treatment for $8/share extraordinary dividend as return of capital

## Summary
- Extraordinary cash dividend of $8.00 per share paid on Dec 22, 2023 to holders of record Dec 18, 2023.
- IRS Form 8937 indicates dividend treated as tax-free return of capital up to investor's adjusted cost basis.
- If cost basis reduced to zero, remaining portion taxed as capital gains.
- MBIA estimated current and accumulated E&P deficit as of Dec 31, 2023, leading to non-taxable treatment.
- Shareholders advised to consult tax professionals; form may be updated after FY 2023 results (tentatively Feb 28, 2024).

## SEC filing metadata
- accession: 0001193125-24-006671
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312524006671/0001193125-24-006671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312524006671/d720650d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-006671
- JSON: https://secwatch.observer/filing/0001193125-24-006671.json
- Plain text: https://secwatch.observer/filing/0001193125-24-006671.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.