SteelPath Funds Remediation, LLC

ATTENTION: The check-reissuance period will close effective October 11, 2022. Please submit reissuance requests before October 11, 2022 to ensure it is received in advance of the cut-off date. The check-cashing period will end on November 14, 2022. Any checks NOT cashed by close of business on November 14, 2022 are considered forfeited. Outstanding checks will be VOIDED and you will NOT BE ABLE to claim funds in the future.

NOTE: Checks not presented for payment on or before November 14, 2022 will be marked void at the disbursement bank. Please DO NOT try to negotiate a check after November 14, 2022 as the payment will not be negotiable and your bank may charge your account a fee for presenting a void check. Neither the SteelPath Funds Remediation, LLC nor the fund administrator will be responsible for fees that your bank may apply to your account.

What are the tax ramifications of this distribution?

Due to the complexities involved, we have included additional information about the tax consequences of this distribution in a Statement to Eligible Shareholders (“SES”).

The SES is not intended as tax advice but describes the tax reporting positions taken and points out some issues eligible investors should consider, including the capital and interest components of the payment in addition to the type of account involved.

CAUTION: YOU SHOULD NOT RELY ON THIS STATEMENT AS TAX ADVICE RELATED TO YOUR PERSONAL CIRCUMSTANCES. CONSULT WITH YOUR TAX ADVISOR WITH RESPECT TO THE TAX CONSEQUENCES OF THE PAYMENT, INCLUDING THE EFFECTS OF U.S. FEDERAL, STATE, LOCAL, AND NON-U.S. TAX RULES AND THE EFFECT OF POSSIBLE CHANGES IN LAWS.

Will I receive a Form 1099 or Form 1042s to use when filing my taxes for 2021?

You will receive a Form 1099-INT for the distribution if you are a U.S. person and the interest portion of your distribution is $600 or more. You will receive a Form 1042S if (i) you are a Non-Resident Alien, (ii) we do not have a W-8 and W-9 to prove your tax status, or (iii) you are subject to FATCA reporting. The 1099-INT or 1042S will be produced and mailed under separate cover by Miller Kaplan Arase, LLP (MKA) and reported to the IRS for the tax year in which the payment is made.

NOTE: You should consult with your tax advisor to determine any federal, state, local, non-US or other tax issues you may need to address regarding the distribution.

CAUTION: Consult with your tax advisor because the rules related to IRA and tax-qualified retirement plans transfers and rollovers are complicated, and failure to comply with those rules could subject the payment to income tax and a 10% additional tax. It could also impact your ability to rollover other retirement funds.

Additional information on the possible tax treatment of this distribution is available on the IRS website: www.irs.gov

Reissue Forms

Reissue IRA to Individual Distribution Form: Reissue IRA to Individual Distribution Form.pdf
For use by individuals who received a check written to their IRA and no longer maintain an IRA.

Reissue IRA to Beneficiary Distribution Form: Reissue IRA to Beneficiary Distribution Form.pdf
For use by beneficiaries or guardians who received a check written to an individual’s IRA and it should be reissued to the beneficiary or guardian.

Reissue Non-IRA Distribution Form: Reissue Non-IRA Distribution Form.pdf
For use by beneficiaries or guardians who received a check written to an individual as part of a Retirement or a Defined Benefit Plan and it should be reissued to the beneficiary or guardian.

Reissue Beneficiary Non-IRA Distribution Form: Reissue Beneficiary Non-IRA Distribution Form.pdf
For use by individuals who received a check as part of a Retirement Plan or a Defined Benefit Plan and the Plan or employer no longer exists.

Abandoned Plan Affidavit Form: Abandoned Plan Affidavit Form.pdf
For use by individuals who received a check as part of a Retirement Plan or a Defined Benefit Plan and the Plan or employer no longer exists.

Final Form 5500
If your plan is no longer active or has been abandoned, you may find the final form 5500 for your former Tax-Qualified Retirement Plan on www.freeerisa.com.

Substitute Form W-9 Substitute Form W-9.pdf
For use by beneficiaries who received a check written to an individual that was not an IRA, Retirement or Defined Benefit Plan and it should be reissued to the beneficiary.