JMP Group is a is a wholly owned subsidiary of Citizens Financial Group, Inc. (NYSE: CFG). The company’s primary operating business is JMP Securities, a full-service investment bank. Prior to November 15, 2021, the date of the company’s acquisition by Citizens, JMP Group was listed on the New York Stock Exchange under the symbol “JMP”.
Corporate Tax Status
From January 1, 2019, through November 15, 2021, JMP Group LLC was treated as a C corporation, rather than as a partnership, for tax purposes. From January 1, 2015, through December 31, 2018, the company was taxed as a partnership and issued Schedule K-1 tax forms to shareholders annually. During 2019, monthly cash distributions that were previously declared in advance of each period, while the company was taxed as a partnership, were replaced with quarterly cash distributions declared subsequent to each period and treated as dividend payments. Such payments were reflected on the Form 1099 received by each shareholder for 2019—generally a composite Form 1099 issued by a shareholder’s brokerage institution.
For more information about the company’s change of tax status, see the press releases issued on January 17 and April 19, 2019. Subsequently, the company suspended its quarterly dividend. For more information about the change in dividend policy see the press release issued on February 19, 2020.
Frequently Asked Questions
Click below for answers to frequently asked questions about your Schedule K-1 for 2018 or before and the taxes related to your investment in JMP Group while the company was treated as a partnership.
Partnership Distributions
| Date Declared | Record Date | Date Payable | Amount per Share | Qualified Notice |
|---|---|---|---|---|
| Oct 18, 2018 | Dec 31, 2018 | Jan 15, 2019 | $0.030 |  |
| Oct 18, 2018 | Nov 30, 2018 | Dec 14, 2018 | $0.030 | |
| Oct 18, 2018 | Oct 31, 2018 | Nov 15, 2018 | $0.030 | |
| Jul 18, 2018 | Sep 28, 2018 | Oct 15, 2018 | $0.030 | |
| Jul 18, 2018 | Aug 31, 2018 | Sep 14, 2018 | $0.030 | |
| Jul 18, 2018 | Jul 31, 2018 | Aug 15, 2018 | $0.030 | |
| Apr 19, 2018 | Jun 29, 2018 | Jul 13, 2018 | $0.030 | |
| Apr 19, 2018 | May 31, 2018 | Jun 15, 2018 | $0.030 | |
| Apr 19, 2018 | Apr 30, 2018 | May 15, 2018 | $0.030 | |
| Jan 18, 2018 | Mar 29, 2018 | Apr 13, 2018 | $0.030 | |
| Jan 18, 2018 | Feb 28, 2018 | Mar 15, 2018 | $0.030 | |
| Jan 18, 2018 | Jan 31, 2018 | Feb 15, 2018 | $0.030 | |
| Oct 20, 2017 | Dec 29, 2017 | Jan 12, 2018 | $0.030 | |
| Oct 20, 2017 | Nov 30, 2017 | Dec 15, 2017 | $0.030 | |
| Oct 20, 2017 | Oct 31, 2017 | Nov 15, 2017 | $0.030 | |
| Jul 20, 2017 | Sep 29, 2017 | Oct 13, 2017 | $0.030 | |
| Jul 20, 2017 | Aug 31, 2017 | Sep 15, 2017 | $0.030 | |
| Jul 20, 2017 | Jul 31, 2017 | Aug 15, 2017 | $0.030 | |
| Apr 19, 2017 | Jun 30, 2017 | Jul 14, 2017 | $0.030 | |
| Apr 19, 2017 | May 31, 2017 | Jun 15, 2017 | $0.030 | |
| Apr 19, 2017 | Apr 28, 2017 | May 15, 2017 | $0.030 | |
| Jan 31, 2017 | Mar 31, 2017 | Apr 14, 2017 | $0.030 | |
| Jan 31, 2017 | Feb 28, 2017 | Mar 15, 2017 | $0.030 | |
| Jan 31, 2017 | Jan 31, 2017 | Feb 15, 2017 | $0.030 | |
| Oct 19, 2016 | Dec 30, 2016 | Jan 13, 2016 | $0.030 | |
| Oct 19, 2016 | Nov 30, 2016 | Dec 15, 2016 | $0.030 | |
| Oct 19, 2016 | Oct 31, 2016 | Nov 15, 2016 | $0.030 | |
| Jul 18, 2016 | Sep 30, 2016 | Oct 14, 2016 | $0.030 | |
| Jul 18, 2016 | Aug 31, 2016 | Sep 15, 2016 | $0.030 | |
| Jul 18, 2016 | Jul 29, 2016 | Aug 15, 2016 | $0.030 | |
| Apr 19, 2016 | Jun 30, 2016 | Jul 15, 2016 | $0.030 | |
| Apr 19, 2016 | May 31, 2016 | Jun 15, 2016 | $0.030 | |
| Apr 19, 2016 | Apr 29, 2016 | May 13, 2016 | $0.030 | |
| Jan 20, 2016 | Mar 31, 2016 | Apr 15, 2016 | $0.040 | |
| Jan 20, 2016 | Feb 29, 2016 | Mar 15, 2016 | $0.040 | |
| Jan 20, 2016 | Jan 29, 2016 | Feb 15, 2016 | $0.040 | |
| Oct 15, 2015 | Dec 31, 2015 | Jan 15, 2016 | $0.040 | |
| Oct 15, 2015 | Nov 30, 2015 | Dec 15, 2015 | $0.040 | |
| Oct 15, 2015 | Oct 30, 2015 | Nov 15, 2015 | $0.040 | |
| Jul 20, 2015 | Sep 30, 2015 | Oct 15, 2015 | $0.040 | |
| Jul 20, 2015 | Aug 31, 2015 | Sep 15, 2015 | $0.040 | |
| Jul 20, 2015 | Jul 31, 2015 | Aug 15, 2015 | $0.040 | |
| Jul 20, 2015 | Jul 31, 2015 | Aug 15, 2015 | $0.030 | |
| Apr 13, 2015 | Jun 30, 2015 | Jul 15, 2015 | $0.037 | |
| Apr 13, 2015 | May 15, 2015 | Jun 15, 2015 | $0.037 | |
| Apr 13, 2015 | Apr 30, 2015 | May 15, 2015 | $0.037 | |
| Jan 12, 2015 | Mar 31, 2015 | Apr 15, 2015 | $0.035 | |
| Jan 12, 2015 | Feb 27, 2015 | Mar 13, 2015 | $0.035 | |
| Jan 12, 2015 | Jan 30, 2015 | Feb 13, 2015 | $0.035 | |