On September 1, 2021 Compass Diversified (the “Trust”) elected to be treated as an association taxable as a corporation for U.S. federal income tax purposes. Stockholders will no longer be allocated pass through income from the Trust and the Trust will no longer issue Schedule K-1s. As a result, tax-exempt shareholders will no longer be allocated any “unrelated business taxable income” (or “UBIT”) from the Trust. Moreover, distributions from the Trust will now be treated as corporate dividends to the extent paid from the Trust’s earnings and profits and reported to stockholders on Form 1099-DIV, which may be obtained from your broker. For tax year 2022, all distributions are treated as non-taxable return of capital. For information about tax forms and reporting for periods prior to September 1, 2021, please click here and for information about tax reporting for the 2023 year end, please click here.