2019 Extraordinary Dividend Distribution

Dividend per common share
€1.30
$1.45639
Official EUR/USD exchange rate fixed by the European Central Bank (ECB) on May 16, 2019
1.1203
Italian and US ex-date
May 20, 2019
Italian and US record date
May 21, 2019
Payment date
May 30, 2019
Deadline for DTC participants to submit required documentation to GlobeTax in order to avoid 15% holdback, if applicable
CA Web Instruction & ESP Deadline:
May 23, 2019 at 8pm EDT
First deadline for DTC participants to submit required documentation to GlobeTax in order to receive 15% holdback, if applicable
CA Web Instruction & ESP Deadline:
June 11, 2019 at 8pm EDT
Date of first payment of 15% holdback
June 2019
Second deadline for DTC participants to submit required documentation to GlobeTax in order to receive 15% holdback, if applicable (if not submitted by previous deadlines)
CA Web Instruction & ESP Deadline:
July 12, 2019 at 8pm EDT
Date of second payment of 15% holdback
July 2019
Type of reserves distributed
Existing reserves (retained earnings)


Where to obtain further information:

For DTC shareholders, please refer to the attached Notice, email GlobeTax at dutchesp@globetax.com, or call +1-212-747-9100

For Monte Titoli shareholders, please contact your depositary bank, stockbroker or financial intermediary




Applicable Withholding Tax

This chart only includes withholding tax applicable to the FCA NV dividend. Shareholders are urged to consult their tax advisors as to the overall tax consequences of acquiring, holding and disposing of FCA NV shares and the receipt of any dividends from FCA NV including any applicable withholding tax.

* Dutch corporate shareholders that own 5% or more of FCA NV’s share capital are not subject to Dutch withholding tax.

FCA Extraordinary Dividend Distribution Q&A

Owners of FCA NV shares are urged to consult their tax advisors as to the overall tax consequences of acquiring, holding and disposing of FCA NV shares and of the receipt of any dividends from FCA NV, including any applicable withholding tax.

A: Because FCA NV is incorporated in the Netherlands, 15% Dutch withholding tax applies to dividends paid by FCA NV to Dutch tax resident shareholders except Dutch tax resident corporate shareholders who own more than 5% of FCA NV’s share capital.

A: No, US and other non-Dutch resident shareholders are not subject to Dutch withholding tax. However, unless tax residency information is submitted by your stockbroker or other financial intermediary as requested by GlobeTax by May 23, 2019, 15% of the dividend will be subject to holdback with respect to DTC shareholders and only paid after the appropriate information including tax residency has been provided by the shareholder’s broker or other financial intermediary as requested by GlobeTax as discussed below.

A: Italian tax resident individual shareholders who hold their shares through Monte Titoli and who do not qualify for reduction or exemption under Italian law are generally subject to 26% Italian withholding tax. Italian tax resident shareholders who hold their shares through the Depository Trust Company (“DTC”) must self-assess and pay any applicable Italian tax unless an Italian-based financial intermediary is responsible to withhold Italian tax.

A: Dutch tax resident shareholders will receive the dividend net of 15% Dutch withholding tax, on May 30, 2019. Dutch tax resident corporate shareholders who own more than 5% of FCA NV’s share capital are not subject to Dutch withholding tax and will receive 100% of the dividend on May 30, 2019.

For non-Dutch tax resident DTC shareholders, if tax residency information is submitted by your stockbroker or other financial intermediary as requested by GlobeTax by May 23, 2019, you will receive 100% of the dividend on May 30, 2019 and avoid a 15% holdback. If tax residency information is not provided to GlobeTax by May 23, 2019, non-Dutch tax resident DTC shareholders will receive 85% of the dividend on May 30, 2019 and the remaining 15% of the dividend will be subject to holdback and paid only after necessary information is submitted by your stockbroker or other financial intermediary as requested by GlobeTax (see below for submission of required information to GlobeTax and timing of payment of any holdback).

Italian tax resident Monte Titoli individual shareholders will receive the dividend, net of 26% Italian withholding tax (unless an Italian withholding tax reduction or exemption applies) on May 30, 2019.

All other Monte Titoli shareholders will receive 100% of the dividend on May 30, 2019.

A: Shares held by DTC are generally traded on the New York Stock Exchange. Shares held by Monte Titoli are generally traded on Borsa Italiana. Please contact your depositary bank, stockbroker or other financial intermediary to obtain this information with respect to your FCA NV shares.

A: Stockbrokers and other financial intermediaries will be required to provide to GlobeTax, by May 23, 2019, 8 pm EDT, each DTC shareholder’s name, address, country of residence, tax identification number and share position in order to receive 100% of the dividend on May 30, 2019 and avoid 15% holdback (refer to the attached Notice for the instructions to submit the requested information to GlobeTax). Individual DTC shareholders should not submit any information directly to GlobeTax.

A: Stockbrokers and other financial intermediaries will be required to provide GlobeTax with each DTC shareholder’s name, address, country of residence, tax identification number and share position in order to process payment of the 15% holdback (refer to the attached Notice for the instructions to submit the requested information to GlobeTax). Individual DTC shareholders should not submit any information directly to GlobeTax.

A: The first deadline to submit information to GlobeTax is June 11, 2019, 8 pm EDT with payment of the 15% holdback in June 2019. The second deadline to submit information to GlobeTax is July 12, 2019, 8 pm EDT with payment of the 15% holdback in July 2019. If the proper information is not submitted by the second deadline, then a longer process will apply and it may take longer to process payment of the 15% holdback. In any case, the proper information should be submitted no later than March 1, 2022.

Payment of the 15% holdback will follow the same process of the dividend distribution according to your broker or bank policy.

Please contact your depositary bank, stockbroker or other financial intermediary for further details.

A: Yes, the information is required to be submitted by the stockbrokers and financial intermediaries of DTC shareholders for each dividend.

A: We have provided multiple deadlines for the submission of information to GlobeTax to provide applicable shareholders with the opportunity to avoid the 15% holdback or to receive payment of the 15% holdback as soon as possible.

A: You will not receive payment of the 15% cash holdback. You should contact your stockbroker or other financial intermediary and urge them to provide the requested information including your tax residency to GlobeTax.

A: Shareholders holding the Company’s common shares on the record date that are traded on Borsa Italiana will receive the dividend in Euro.

Shareholders holding the Company’s common shares on the record date that are traded on the NYSE will receive the dividend in U.S. dollars at the official EUR/USD exchange rate reported by the European Central Bank on May 16, 2019.

A: Non-Dutch shareholders holding shares through the DRS will receive 100% of the dividend on May 30, 2019, without the 15% cash holdback.

A: Shareholders of FCA NV on the record date (May 21, 2019) are entitled to receive the dividend and the potential payment of the 15% holdback if applicable and eligible.

A: The dividend is distributed from existing reserves.

A: DTC shareholders should refer to the attached Notice for further information. Monte Titoli shareholders should contact their tax advisor and depositary bank, stockbroker or other financial intermediary.

For more information, please refer to the following Notice.