Proportionate liquidating distribution atheist dating network
Earlier this year, the IRS issued three private letter rulings benefiting S Corporations.
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Due to the extended settlement period involved with selling certain of the Fund’s holdings, the second liquidating distribution will be made at a later date.
The Fund will issue a press release announcing the timing of the second liquidating distribution once further information is available.
Stated in a more simple manner, a disproportionate distribution will not be treated as creating a second class of stock, provided the underlying stock provides both A and B with identical to the distribution, despite the fact that a distribution happened to be made disproportionately.
That being said, in order to avoid jeopardizing its S election, the corporation would be well advised to make a corrective distribution (even though that distribution will also be disproportionate) as soon as possible.
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(the “Fund”) (NYSE MKT: PHF) announced today that it will close its share register books at the close of business on July 10, 2017 (the “Effective Date”) and that trading of the Fund’s stock on the NYSE MKT will be suspended before the market open on July 11, 2017.Tags: Adult Dating, affair dating, sex dating