1 See, e.g., Institute Memorandum to Tax Members No. 43-97, Accounting/Treasurers Members No. 46-
97, Operations Members No. 28-97, Broker/Dealer Advisory Committee No. 19-97 and Transfer Agent
Advisory Committee No. 64-97, dated November 7, 1997.
2 See Institute Memorandum to Accounting/Treasurers Members No. 45-97, Broker/Dealer Advisory
Committee No. 18-97, Operations Members No. 27-97, Tax Members No. 42-97 and Transfer Agent
Advisory Committee No. 63-97, dated November 7, 1997.
[9517]
December 15, 1997
TO: ACCOUNTING/TREASURERS COMMITTEE No. 48-97
BROKER/DEALER ADVISORY COMMITTEE No. 23-97
OPERATIONS COMMITTEE No. 42-97
TAX COMMITTEE No. 46-97
TRANSFER AGENT ADVISORY COMMITTEE No. 72-97
RIC CONTACT PERSONS FOR 1997 REIT TAX INFORMATION
RE: RECEIVING YEAR END TAX INFORMATION FROM REITS
______________________________________________________________________________
As you know, the Institute has been working with the National Association of Real
Estate Investment Trusts ("NAREIT") to develop uniform procedures for facilitating the timely
and accurate reporting by real estate investment trusts ("REITs") of year-end tax information.1
Among these procedures are the use of uniform file formats,2 an announcement regarding the
date by which year-end tax information should be transmitted to nominees for street name
accounts and the development of lists of "contact persons" who will transmit and/or receive the
tax information.
The Securities Industry Association ("SIA") has requested that regulated investment
companies ("RICs") and REITs provide their year-end tax information to SIA’s members no
later than noon on January 8, 1998 (a slight extension from the previous January 7, 1998
deadline). As RICs investing in REITs take REIT tax information into account in determining
the character of their distributions, the Institute has requested that REITs provide RICs with
year-end tax information (even if in estimate form) as soon as possible.
Attached are (1) the Institute’s memorandum, to NAREIT and its members, that lists
those RIC "contact persons" who signed up to receive REIT tax information and (2) the list of
REIT "contact persons" who will be providing tax information to the RIC "contact persons."
Keith D. Lawson
Associate Counsel - Tax
Attachments (in .pdf format)