Dear Stakeholders,
Your award checks for the sixth period of 2013 were sent on January 9th.
The chart below demonstrates how the $2.4 million in award money earned in November and December of 2013 is split between breeders, owners and stallion owners. The dollar figures shown represent awards earned minus the ten-percent holdback instituted by the Fund Board of Directors to ensure that awards can be paid equally throughout the year.
Please remember that because these checks are being sent to you in 2014, these payments will not show up on the 1099 we send you for 2013.
The 2012 holdback payments that we sent out earlier this year will be included on the 1099s for 2013.
We expect to be able to send you the 10% holdback applied to the 2013 awards before the end of March.
I hope you and your horses are faring well in spite of the cold weather. Here’s a thought to warm you: we are gaining a few minutes of sunlight every day and the breeding sheds will be open in a matter of weeks.
Sincerely,
Tracy Egan
Executive Director
New York Thoroughbred Breeding and Development Fund
One Broadway Plaza, Suite 601
Schenectady, NY 12305
Phone: 518-395-5492
Email: [email protected]
