qualified electing fund

18:02 Sep 25, 2014
This question was closed without grading. Reason: Other

English to Russian translations [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: qualified electing fund
If a Fund were to invest in an eligible PFIC and elected to treat the PFIC as a qualified electing fund, in lieu of the foregoing requirements, the Fund would be required to include each year in its income and distribute to shareholders in accordance with the Distribution Requirement, a pro rata portion of the QEF’s ordinary earnings and net capital gain, whether or not distributed by the QEF to the Fund.

Discussion entries: 6


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