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