On March 4,2016,all of the shareholders of Kingfisher Corporation (a calendar year entity)voluntarily revoke the S election (effective as soon as possible).For all of 2016,Kingfisher Corporation will be a C corporation.

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The shareholders of a corporation have the right to revoke the S election at any time, and the revocation takes effect as soon as possible. Once the S election is revoked, the corporation becomes a C corporation for tax purposes. Therefore, Kingfisher Corporation will be a C corporation for all of 2016 after the revocation of its S election.

On March 4,2016,all of the Shareholders of Kingfisher Corporation (A