EFTA01195940.pdf

From: "Richard Kahn" To: "Jeanne Brennan" Subject: Fwd: King Street Capital L.P. - SC State Withholding - Action Required Date: Fri, 21 Mar 2014 20:14:26 +0000 Attachments: SC_State_Withholding_Letter_2013.pdf; Untitled_attachment_00005.htm; SC_Form_I- 338 and Instructions.pdf; Untitled attachment_00008.htm; SC_Form_1- 309 and Instructions.pdf; Untitled attachment_00011.htm Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor, New York, New York 10022 tel to ce Begin forwarded message: From: Harry Beller < Subject: Fwd: King Street Capital L.P. - SC State Withholding - Action Required Date: March 10, 2014 10:20:36 PM EDT To: Rich Kahn < >, Jeanne Brennan < Rich I think you should ask A Dlugash Harry Begin forwarded message: From: K1 Date: Marc M EDT To: Undisclosed recipients:; Subject: King Street Capital L.P. - SC State Withholding - Action Required To the King Street Capital, L.P. Limited Partners: In 2013, a King Street Capital, L.P. "side pocket" investment generated South Carolina state source income. As a result, King Street Capital, L.P. is required to withhold South Carolina income tax at the rate of 5% on each non-resident partner's share of South Carolina source income unless an eligible partner elects to Opt-out of South Carolina withholding or elects to be included in a composite return that we can file on your behalf. Non-resident partners are provided two options related to tax return filings as well as withholding. Please choose the option for the tax treatment to be applied to your allocable portion of South Carolina source income: I. Non-resident individuals, trusts, or estate partners may elect to be included in a composite return that we would file on your behalf by completing and executing Form I-338, Composite Return Affidavit, which is attached. Being included in a composite return should eliminate your need to file a return if you have no other South Carolina source income as your EFTA01195940  allocable South Carolina income taxes will be paid on your behalf with the composite filing. Any such payment will be treated as a distribution from your capital account. 2. A non-resident partner can opt-out of withholding by completing and executing Form 1-309, Nonresident Shareholder or Partners Affidavit and Agreement Income Tax Withholding, which is attached. An opt-out election would still require a partner to file an income tax return and pay income tax on its share of South Carolina income. If you choose to make either of the elections above, please e-mail the completed. signed and dated document to by March 28, 2014. Failure to respond by March 28th will result in tax being withheld against your South Carolina state source income. If you or your tax advisors have any questions regarding this matter, please contact Investor Relations at at This message and any attachments may be privileged, confidential, and/or exempt from disclosure by law. If you are not the intended recipient of this message. please immediately notify the sender and destroy the original message, any attachments, and all copies thereof without disclosing. copyin distributing, using. or relying on its contents. Any comments or statements made herein do not necessarily reflect those of King Street Capital Management. or its affiliates (collectively. 'King Street') and do not constitute investment advice. Unless specifically indicated, this message is not an official confirmation of any transaction. The contents of any email communications to or from King Street may be monitored or reviewed at King Street's discretion. King Street accepts no responsibility for any loss or damage arising in any way from the use of this transmission and any attachments: it is the responsibility of the recipient to ensure that they are virus free. II you reply to this email, please note that we are a public investor and do not want any material non-public information. We do not agree to keep confidential any information you provide and do not agree to any restrictions on our trading activity, except pursuant to a written confidentiality agreement executed by King Street. EFTA01195941