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Shareholder Distributions

Early in each calendar year, in conjunction with the filing of our annual US Income tax return, PriceSmart makes a determination on the % of dividends distributed in the prior year that were taxable and those that were exempt. For Calendar year 2017, PriceSmart, Inc. has indicated to its transfer agent the dividends paid during the year were 61.2% Qualified Dividends and 38.8% Return of Capital for U.S. tax purposes.