Memo #
2924
ISSUES INVOLVED IN TAXATION OF REGULATED INVESTMENT COMPANIES INVESTING IN SYNTHETIC, SHORT-TERM MUNICIPAL OBLIGATIONS
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July 11, 1991
TO: ACCOUNTING/TREASURERS COMMITTEE NO. 17-91
MONEY MARKET FUNDS AD HOC COMMITTEE NO. 17-91
TAX COMMITTEE NO. 22-91
RE: ISSUES INVOLVED IN TAXATION OF REGULATED INVESTMENT
COMPANIES INVESTING IN SYNTHETIC, SHORT-TERM MUNICIPAL
OBLIGATIONS
__________________________________________________________
Attached is the promised memorandum regarding RIC-related
tax issues which will be discussed at the July 16, 1991 meeting.
David J. Mangefrida, Jr.
Assistant Counsel - Tax and Pension
Attachment
DJM:bmb