Gelesis Holdings Inc (GLSHQ): 2008 and Revised 2007 Passive Foreign In...

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Monday, 03/30/2009 7:49:34 PM

Monday, March 30, 2009 7:49:34 PM

2008 and Revised 2007 Passive Foreign Investment Company ('PFIC') Annual Information Statements Now Available on Genesis Lease L

SHANNON, Ireland, March 20 /PRNewswire-FirstCall/ -- Genesis Lease Limited (NYSE:GLS) today announced the availability of its 2008 PFIC Annual Information Statement, which has been posted on its website. In addition, a revised 2007 PFIC Annual Information Statement is posted on the Company's website.

Genesis Lease Limited is a PFIC for U.S. Federal income tax purposes and therefore U.S. holders are subjected to special tax rules.

U.S. shareholders are advised to consult their tax advisors with respect to the 2008 and the revised 2007 PFIC Annual Information Statements.

Genesis will maintain a policy of posting the PFIC annual shareholder information statement on its corporate website at http://www.genesislease.com/ to assist U.S. holders in their tax reporting.