New York, 11th January 2021 – Exchange Data International (EDI) are pleased to introduce the US Dividend Reclassification service. This service can be utilized to create 1099s for clients, as well as being a secondary source to validate the primary provider or as a tool for a client support team to research customer inquiries.
EDI deliver critical information when you need it, direct from the source. The files contain specific income classifications that are needed for accurate and timely income tax reporting for each dividend payable on the security.
Jonathan Bloch, CEO of EDI, added “EDI continues to expand its product and service offerings for US securities. Our goal is to cover all North American securities in detail. The US Dividend Reclassification service is another step in that direction.”
About Exchange Data International
Exchange Data International helps the global financial and investment community make informed decisions through the provision of fast, accurate, timely and affordable data reference services. EDI’s extensive content database includes worldwide equity and fixed income corporate actions, dividends, static reference data, closing prices and shares outstanding, delivered via data feeds and the Internet. The firm covers all major markets with special emphasis on emerging and frontier markets e.g. Africa, Asia, Far East, Latin America and the Middle East.
EDI is based in London, with offices in New York, India, and Morocco.