- A recent U.S. federal court decision calls into question the tax treatment of a wholly-owned U.K. investment subsidiary of MetLife (NYSE:MET), though the company says there's been no change in its position.
- The $792M charge amounts to $0.70 per share. It won't affect the $1.2B in dividends to be paid this year, but should cut the payout by $90M in 2016.
- The company doesn't expect any additional charges related to this matter.
- Source: Press release