B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2013

PARSIPPANY, N.J.--(BUSINESS WIRE)--

B&G Foods, Inc. BGS today explained the tax treatment for dividends paid in 2013 on the Company's common stock. Holders are urged to check their 2013 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

Additional information concerning the tax treatment of dividends paid in 2013 is posted to the Investor Relations section of B&G Foods' website, www.bgfoods.com, under the heading “Investor FAQ.” Holders are also urged to consult their own tax advisors to determine their individual tax treatment.

In 2013, B&G Foods distributed $1.1900 per share of common stock (CUSIP # 05508R 10 6). Based on U.S. federal income tax laws, B&G Foods has determined that of such distributions, approximately 24.214% (or $0.2881490 per share) will be treated as a taxable dividend and approximately 75.786% (or $0.9018510 per share) will be treated as a return of capital. Generally, the portion of the distribution on the common stock that is treated as a return of capital should reduce the tax basis in the shares of common stock up to a holder's adjusted basis in the common stock, with any excess treated as capital gains.

The table below summarizes the tax treatment for dividends paid in 2013 on the Company's common stock.

Declaration Date		Record Date		Payment Date		Total Per Share Distribution		2013 Taxable Dividend		2013 Return of Capital
10/16/2012		12/31/2012		1/30/2013		$0.2900		$0.0702210		$0.2197790
2/27/2013		3/28/2013		4/30/2013		$0.2900		$0.0702210		$0.2197790
5/16/2013		6/28/2013		7/30/2013		$0.2900		$0.0702210		$0.2197790
7/25/2013		9/30/2013		10/30/2013		$0.3200		$0.0774860		$0.2425140
2013 Totals						$1.1900		$0.2881490		$0.9018510

About B&G Foods, Inc.

B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods' products are marketed under many recognized brands, including Ac'cent, B&G, B&M, Baker's Joy, Brer Rabbit, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril's, Grandma's Molasses, JJ Flats, Joan of Arc, Las Palmas, Maple Grove Farms, Molly McButter, Mrs. Dash, New York Style, Old London, Original Tings, Ortega, Pirate's Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Sugar Twin, Trappey's, TrueNorth, Underwood, Vermont Maid and Wright's. B&G Foods also sells and distributes two branded household products, Static Guard and Kleen Guard.

IRS Circular 230 Disclosure

The discussion contained in this press release as to tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding United States federal income tax penalties. Such discussion is written to support the promotion or marketing of the transactions or matters addressed in this press release. Each taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.