WESTPORT, Conn., March 7 /PRNewswire-FirstCall/ -- Compass Diversified Trust (NASDAQ:CODI) ("The Trust") announced that as of Friday, March 9, 2007 the Company has posted a link located in the Investor Relations section of its website that will allow investors access to their individual tax reporting information applicable to their ownership of the Trust along with instructions.
Tax Information
On March 9th, the Company will commence mailing shareholders their individual Investor Tax Reporting packages, along with instructions and schedule summarizing their allocated share of the Trust's reportable tax items for the year ended December 31, 2006.
Shareholders should check their 2006 tax statements received from The Bank of New York or from their brokerage firm in order to ensure that the trustee tax information reported for the company conforms to the information reported. Should you have any questions regarding your Investor Tax Reporting package, contact Tax Support at 800-573-9088.
As a Grantor Trust, CODI is not subject to federal or state income tax and the annual income, losses, deductions or credits of the Trust flows directly to shareholders.
Tax Disclaimer
The tax information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. You should consult your own tax advisor regarding the specific federal, state, foreign and other tax consequences to you regarding your ownership of shares of the company's common stock.
About Compass Diversified Trust
Compass Diversified Trust ("CODI") was formed to acquire and manage a group of profitable middle market businesses that are headquartered in North America. CODI provides public investors with an opportunity to participate in the ownership and growth of companies, which have historically been owned by private equity firms or wealthy individuals or families. CODI's disciplined approach to its target market provides opportunities to methodically purchase attractive businesses at values that are accretive to its shareholders. For sellers of businesses, CODI's unique structure allows CODI to acquire businesses efficiently with no financing contingencies and, following acquisition, to provide its companies with substantial access to growth capital.
Upon acquisition, CODI works with the executive teams of its subsidiary companies to identify and capitalize on opportunities to grow those companies' earnings and cash flows. These cash flows support distributions to CODI shareholders, which are intended to be steady and growing over the long term.
Subsidiary Businesses
-- Aeroglide Corporation and its consolidated subsidiaries, referred to
as Aeroglide, is a leading global designer and manufacturer of
industrial drying and cooling equipment, primarily used in the
production of a variety of human foods, animal and pet feeds, and
industrial products. Aeroglide is based in Cary, NC and was founded in
1940.
-- Anodyne Medical Device, Inc. and its consolidated subsidiaries,
referred to as AMD, is a leading manufacturer of medical support
surfaces and patient positioning devices, primarily used for the
prevention and treatment of pressure wounds experienced by patients
with limited or no mobility. AMD is based in Los Angeles, CA and was
founded in 2005.
-- CBS Personnel Holdings, Inc. and its consolidated subsidiaries,
referred to as CBS Personnel, is a provider of temporary staffing
services in the United States. CBS Personnel is headquartered in
Cincinnati, OH, operates 147 branch locations in 17 states and was
founded in 1970. CBS Personnel is one of the largest commercial
staffing companies in the nation.
-- Compass AC Holdings, Inc. and its consolidated subsidiary, referred to
as Advanced Circuits, is a manufacturer of low-volume quick-turn and
prototype rigid printed circuit boards ("PCBs"). Advanced Circuits is
based in Aurora, CO and was founded in 1989.
-- Halo Branded Solutions, Inc. referred to as Halo, is a leading
distributor of customized promotional products and serves more than
30,000 customers as a one-stop-shop resource for design, sourcing,
management and fulfillment across all categories of its customers'
promotional products needs. Halo is based in Sterling, IL and was
founded in 1952.
-- Silvue Technologies Group, Inc. and its consolidated subsidiaries,
referred to as Silvue, is a developer and manufacturer of proprietary,
high-performance coating systems for polycarbonate, glass, acrylic,
metals and other substrate materials used in the premium eyewear,
aerospace, automotive and industrial markets. Silvue is based in
Anaheim, CA and was founded in 1986.
To find out more about Compass Diversified Trust, please visit http://www.compassdiversifiedtrust.com.
This press release may contain certain forward-looking statements, including statements with regard to the future performance of the Trust. Words such as "believes," "expects," "projects," and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10Qs filed by CODI with the Securities and Exchange Commission for the quarters ended March 31,2006, June 30, 2006, September 30, 2006 and other filings with the Securities and Exchange Commission. CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Compass Diversified Trust Investor Relations Contact:
Jim Bottiglieri KCSA Worldwide
Chief Financial Officer Jeffrey Goldberger/Garth Russell
203.221.1703 212.896.1249/212.896.1250
jim@compassequity.com jgoldberger@kcsa.com/grussell@kcsa.comSource: Compass Diversified Trust
