White River Capital, Inc. Announces Tax Treatment of Common Stock Dividends Paid in 2011

RANCHO SANTA FE, Calif.--(BUSINESS WIRE)--White River Capital, Inc. (NYSE Amex: RVR) (“White River”) today announced the tax treatment for dividends paid in 2011 on its common stock. Holders are urged to check their 2011 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

Information concerning the tax treatment of dividends paid in 2011 is posted under Additional Information in the Investor Relations section of White River’s website, www.WhiteRiverCap.com. Holders are also urged to consult their own tax advisors to determine their individual tax treatment.

In 2011, White River distributed $5.00 per share of common stock. Based on U.S. federal income tax laws, White River has determined that of such distributions, 79.6% will be treated as a taxable dividend and 20.4% will be treated as a return of capital. Generally, the portion of the distribution on the common stock that is treated as a return of capital should reduce the tax basis in the shares of common stock up to a holder’s adjusted basis in the common stock, with any excess treated as capital gains.

The table below summarizes the tax treatment for dividends paid in 2011 on White River’s common stock:

Declaration Date	Record Date	Payment Date	Total Per Share Distribution		2011 Taxable Dividend		2011 Return of Capital

2/16/2011	2/25/2011	3/2/2011	$	0.2500	$	0.1990	$	0.0510
5/5/2011	5/16/2011	5/31/2011	$	0.2500	$	0.1990	$	0.0510
8/1/2011	8/11/2011	8/25/2011	$	0.2500	$	0.1990	$	0.0510
10/28/2011	11/7/2011	11/21/2011	$	0.2500	$	0.1990	$	0.0510
11/28/2011	12/8/2011	12/22/2011	$	4.0000	$	3.1835	$	0.8165

			$	5.0000	$	3.9794	$	1.0206

IRS CIRCULAR 230 DISCLOSURE

The discussion contained in this press release as to tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding United States federal income tax penalties. Such discussion is written to support matters addressed in this press release. Each taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

ABOUT WHITE RIVER, COASTAL CREDIT AND UAC

Founded in 2004, White River is the holding company for Coastal Credit LLC.

Coastal Credit LLC is a specialized auto finance company, headquartered in Virginia Beach, Virginia, engaged in acquiring sub-prime auto receivables from both franchised and independent automobile dealers which have entered into contracts with purchasers of typically used, but some new, cars and light trucks. Coastal Credit then services the receivables it acquires. Coastal Credit commenced operations in Virginia in 1987 and conducts business in 27 states – Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Washington – through its 15 branch locations.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Additional information about White River is available at White River’s web site located at: www.WhiteRiverCap.com.

This site includes financial highlights, stock information, public filings with the U.S. Securities and Exchange Commission (the "SEC"), and corporate governance documents.

The SEC public filings available for review include but are not limited to: