Item 7.01. Regulation FD Disclosure
On November 16, 2022, pursuant to the Tax Receivable Agreement (the
"Agreement"), dated as of October 3, 2016 (the "TCEH Effective Date"), entered
into by and between Vistra Corp. (f/k/a Vistra Energy Corp. and TEX Energy LLC)
("Company") and American Stock Transfer & Trust Company, LLC, as transfer agent
("Transfer Agent"), in which the respective holders ("Holders") of certain
rights thereunder have beneficial interests in certain payments in respect of
cumulative tax benefits realized by the Company (together with other benefits
appertaining to such holders, the "TRA Rights"), the Company provided notice to
such holders of an annual tax payment to be made in accordance with the terms of
the Agreement.
For the subject taxable year of 2021, an annual tax payment with an aggregate
value of $766,013 (which represents $716,056 as a return of basis and $49,957 as
interest income) will be paid on December 5, 2022 to holders of record as of
November 28, 2022. The Company estimates that the value of each TRA Right was
equal to $2.99924 as of the TCEH Effective Date, and the Company has made
approximately $46.7 million of prior payments in respect of the TRA Rights.
Under Federal income tax law, paying agents may be required to withhold up to
30% of the interest income amount to be paid to particular Holders for their
proportion of ownership of the TRA Rights if such Holder has failed to furnish a
taxpayer identification number certified to be correct under penalties of
perjury. Holders with questions regarding such withholdings may contact the
Transfer Agent by phone at 1-800-937-5449 to inquire on the status of the
account.
The information furnished pursuant to this Item 7.01 shall not be deemed to be
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, and will not be incorporated by reference into any filing under the
Securities Act unless specifically identified therein as being incorporated
therein by reference.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses