Regulated Investment Company

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Regulated investment company

An investment company allowed to pass capital gains, <>, and interest earned on fund investments directly to its shareholders so that it is taxed only at the personal level, and double taxation is avoided.

Regulated Investment Company

An investment company that does not pay taxes on its earnings. Mutual funds and closed-end investment companies are both regulated investment companies. RICs are able to escape corporate taxes because they profit from investments by shareholders and do not have any real operations. They are therefore able to pass profits to shareholders and avoid double taxation. In order to qualify as an RIC, a company must derive at least 90^ of its profits from investment activities.

regulated investment company

An investment company that meets certain standards and, as a result, does not have to pay federal income taxes on distributions of dividends, interest, and realized capital gains. Essentially, this income is passed through to the stockholders, who, in turn, are taxed. To qualify as a regulated investment company a firm must derive at least 90% of its income from dividends, interest, and capital gains. It also must distribute at least 90% of the dividends and interest received. It must have a minimum diversification of its assets.

Regulated Investment Company (Mutual Fund)

A company or trust that uses its capital to invest in other companies. The two principal types are closed-end and open-end mutual funds. Shares in closed-end mutual funds, some of which are listed on stock exchanges, are readily transferable on the open market and are bought and sold like other shares. Open-end funds sell their own new shares to investors, stand ready to buy back their old shares, and are not listed.
References in periodicals archive ?
He has since been involved with RIC through multiple research studies and the Adaptive Sports and Fitness Program.
2009-42 is welcome guidance to certain RICs included in the original group of nine PPIP investors.
Through education, public events and government lobbying, the RICS Americas Valuation Council will highlight a consistent agenda, focused on three key issues:
RIC also uses NEWSNET, offering full-text coverage of business newsletters; LOGIN, the Local Government Information Network containing case studies and project contacts of interest to local officials; and the Federal Assistance Programs Retrieval System (FAPRS), providing fulltext access to the more than 1,300 federal assistance loans, grants, and technical assistance programs of more than fifty agencies.
of the University Health Network - Princess Margaret Hospital in Toronto, RIC will be evaluated for its ability to reduce acute kidney injury induced by intraoperative renal ischemia during partial nephrectomy.
It was also decided that the revised load of electricity for the ongoing project of RIC should be submitted by June 5 after getting approval of the consultant company, NESPAK.
The IA satisfied the note and the RIC liquidated the next day by distributing its PFIC shares to a liquidating trust.
Suffolk RIC/Eastern Suffolk BOCES, which provides services to 69 districts in Suffolk County, began its evaluation of Certify in late 2008, and in March 2009 began the roll-out of Certify to an initial group of districts which represent approximately 20% of the student population served by the RIC.
853-1 to reflect statutory amendments providing that the foreign tax passthrough election does not apply to taxes for which the RIC would not be allowed a credit by reason of Sec.
AJCA Section 331 modifies the RIC 90% qualifying-income test to include net income derived from an interest in a PT, but limits the RIC's aggregate PTP holdings to no more than 25% of the RIC's assets.
RIC operates the largest rehabilitation enterprise in the world; it receives the most National Institutes of Health award grants; and, it has been ranked as number one in rehabilitation by U.
The Firm failed to preserve the security of clients' money entrusted in its care in the course of its business as evidence by a RICS Regulatory Review Visit.