EFTA02040008.pdf

To: Rich Kah Jeanne Brenna From: Harry Bell Sent Tue 3/11/2014 2:21:30 AM Subject Fwd: King Street Capital L.P. - VA State Withholding - Action Required VA State Withholding Letter 2013.pdf Untitled attachment 00096.htm Virginia Withholding Oot-out Election.odf Untitled attachment 00099.htm I think you should ask A Dlugash on this one also Harry Begin forwarded message: From: K1 Date: Marc EDT To: Undisclosed recipients:: Subject: King Street Capital L.P. - VA 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 Virginia slate source income. As a result, King Street Capital. L.P. is required to withhold Virginia income tax at the rate of 5% on each non-resident partner's share of Virginia source income unless an eligible partner elects to Opt-out of Virginia withholding. In addition, non-resident partners arc required to file a Virginia income tax return reporting the allocated income and withholding. Eligible partners for the Opt-out election include: 1) A pass-through entity. 2) A Real Estate Investment Trust (REIT), except Captive REITs. 3) An Individual who is exempt from paying Federal income taxes or Virginia income taxes. 4) A Corporation or other entity that is exempt from Virginia income tax. If you meet the above requirements and choose to Opt-out of withholding, please complete and execute the attached document. Virginia Withholding Opt-Out Election. Note the information provided on the Virginia Withholding Opt-Out Election will be included with the Form 502, Virginia Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax, filed by King Street Capital. L.P. Please note that King Street Capital, L.P. is not eligible to file a Virginia composite return on your behalf. The Opt-out election must be e-mailed by March 28, 2014. Failure to respond by March 28th will result in tax being withheld against your Virginia state source income. If you or your tax advisors have an uestions re ardin this matter, please contact Investor Relations at r a .' EFTA_R1_00555703 EFTA02040008 This message and any attachments may be privileged, confidential and/or exempt from disclosure by law. If you aro 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, copying. distributing, using, or relying on its contents. Any comments or statements made herein do not necessarily reflect those of King Street Capital Management. L.P. 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. If 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. EFTA_R1_00555704 EFTA02040009