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8937Report of Organizational Actions Affecting Basis of SecuritiesForm (December 2017) Department of the Treasury Internal Revenue Serviceman Ia See OMB No. 15450123separate instructions. Reporting
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Preferred units are a type of investment security that gives the holder the right to receive distributions before common unitholders.
Investors or companies who own preferred units are required to file the necessary paperwork with the relevant governing bodies.
Preferred units can be filled out by providing the required information on the designated forms provided by the issuing entity or brokerage firm.
The purpose of preferred units is to provide investors with a fixed income stream and priority over common unitholders in the event of liquidation.
Information such as the holder's name, contact information, and the number of preferred units owned must be reported on the preferred units.
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