A determination by the Service that a company is a PHC could result in a deficiency notice, which will require the PHC to distribute a deficiency dividend out of current gross income.
If the company distributes the deficiency dividend, it will not be subject to a penalty surtax.
131 per common share deficiency dividend payment to our shareholders.
In connection with the resolution, a cash deficiency dividend of $0.
Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that the dispute with the Internal Revenue Service (the "IRS") with respect to its examination of Ramco's taxable years ended December 31, 1991 through 1995 has been resolved and that, in connection with such resolution, a cash
deficiency dividend to the Company's common shareholders has been declared.
The
deficiency dividends mechanism, described in Sec.
