Fidelity National Financial spun off shares of S&G Annuities that First Financial owned on December 31, 2025. The structure of the spinoff was the distribution of S&G Annuities shares as a taxable distribution. Fidelity National expects current and retained earnings to be greater than the Fair Market Value of the distribution. This would make the distribution a dividend. The distribution for Fidelity National Financial shareholders is six shares of FG for every share of FNF.

This action will need at least two entries in myICLUB. If the total shares of FG you were entitled to receive included a fractional portion, a third entry (a sell transaction) will be needed.
The Fair Market Value (FMV) of the distribution and the cost basis of the FG shares received possibly will not match your broker records. Tax law and IRS regulations do not specify how FMV is determined. The FMV of FG shares in these instructions use the price quoted in IRS form 8937, the weighted average trading price of FG on December 31, 2025, the distribution date. This price was 30.90. This price was chosen to match form 8937 which is often used by brokerage firms. However, there is no guarantee your broker uses this price as the FMV of the FG shares.

Information for these instructions came from the IRS form 8937, a link to the form is available on the Fidelity National Finance web site at this address:
https://www.investor.fnf.com/investorrelations . Scroll down the page to the Tax Basis Information column.
Remember, myICLUB prefers to have no transactions dated 12/31/xx except the Allocation of Income and Expenses. These instructions move the distribution date to 12/30/2025 to accomodate our system.

The Dividend Entry
Go to Accounting > Securities > Cash Distribution in myICLUB. Here is the information you need to complete the dividend entry.

• Symbol: FNF (Fidelity National Financial)
• Payout date: 12/30/2025 (Remember, we want only the Allocation on 12/31/xx dates.)
• Ex-Dividend date: 12/17/2025
• Type : Dividend
• Amount: [30.90 x 0.06 x # of FNF shares owned before the stock split) ]
  • # of FG shares received = 0.06 x (# of FNF shares owned)
  • 30.90 = FMV of one FG share from form 8937)
  • Ex: If you owned 100 shares of FNF your amount would be 30.90 x 0.06 x 100 = 185.40

Click the Submit button and the dividend has been entered.

The Buy Entry
Go to Accounting > Securities > Buy in myICLUB.
Here is the information you need to complete the buy.

• Date: 12/30/2025 (Remember, we want only the Allocation on 12/31/xx dates.)
• Symbol : FG (S&G Annuities ) Shares: 0.06 (# of FNF shares owned).
  • For example, if you owned 100 FNF shares, you were entitled to 100 x 0.06 = 6 FG shares.
    Remember to include any fractional part, if any.
• Total Cost: Use the same value as the Amount from the dividend entry above.
  • Be sure to use the same cash account for the Dividend entry and the Buy entry.

Click the Submit button and the buy has been entered.

If your buy transaction included fractional FG shares, which is likely with a 0.06:1 spinoff ratio, continue to the next step. If not, you are done with this spinoff.

The Sell Entry
Go to Accounting > Securities > Sell in myICLUB. Here is the information you need to
complete the sell.
Step 1

• Date: 12/30/2025 (Remember, we want only the Allocation on 12/31/xx dates.)
• Symbol : FG (S&G Annuities)

Step 2

• Shares Sold : The fractional part of the shares bought in the Buy Transaction.
  • For example, if you owned 110 shares of FNF, you were entitled to 110 x .06 = 6.6 FG shares. Sell 0.6 shares in this example.
• Net Proceeds: Use the cash-in-lieu amount from your broker statement.

Click the Submit button and the sell transaction has been entered.
When saved, you are finally done with all transactions related to this spinoff!

NOTE: The value of the shares received as a dividend is determined by the Fair Market Value (FMV) of the shares on the distribution date. IRS regulations do not have one way to determine FMV. It is therefore possible these instructions and your broker may determine FMV differently resulting in a mismatch in cost basis for the FG shares held. This is not cause for concern. This is just due to the inexact nature of the tax code in this regard. Partnership tax returns have specific areas to reconcile these usually small differences. The myICLUB Club Tax- Federal tax preparation software automatically fills in these differences in the normal operation of the software using the data imported from your accounting records and that you enter from your 1099.
Some brokers may list the FMV of the FG shares received as a dividend on a statement. If you want your records to match your broker, use this FMV as the amount of the dividend received and the total cost of the buy transaction. While matching the broker is not required in such cases, many treasurers are more comfortable matching broker information.