Despite these changes, both provisions still differ significantly in their investment company
status calculation, because of the varied list of items included as stock and securities under one section, but excluded under the other.
Similarly, section 721(b) provided hat gain, but not loss, is recognized upon a contribution of property by a partner to a partnership that would be treated as an investment company
if the partnership were a corporation.
Sovereign was pleased to assist Jomar Investments with its first sale/leaseback transaction," said Peter Mavoides, president and chief executive officer of Sovereign Investment Company
Investment partnerships are identified as a type of investment company
in the AICPA's Audit and Accounting Guide Audits of Investment Companies (the Guide).
The objective of this exception presumably is to prevent corporations from transforming their liquid assets into trade or business assets simply by contributing them to an investment company
This month's column summarizes three SOPs on investment company
accounting for high-yield debt securities; income, capital gain and return of capital distributions; and foreign currency and another SOP that rescinds Accounting Principles Board statements.
Section 12(d)(1)(A) prohibits an investment company
from acquiring more than three percent of the total outstanding voting stock of another investment company
, investing more than five percent of its total assets in a single investment company
, and investing more than 10 percent of its total assets in two or more investment companies.
721(b)'s reference to an investment company
within the meaning of Sec.
The Forbes CEO Forum, hosted by Qatari Diar Real Estate Investment Company
(QDREIC), is titled, "Driving Growth: Risk and Reward in the Middle East," and will be held February 26 - 28, 2007 at the Four Seasons Hotel in Doha.
is the parent company to Paulson Investment Company
Post Properties, Skyrise Properties and Greenway Investment Company
Break Ground on Luxury Mixed-Use Community at the Corner of Campbell Road and Central Expressway
We are delighted to have been selected as Canyon State Oil Company's sale/leaseback provider for this important transaction," said Jeff Hoppen, chief investment officer of Sovereign Investment Company
Students, researchers and citizens will have better access to historical treasures of the Pacific Northwest and other rare material, thanks to a gift from Portland-based Paulson Investment Company
NEW YORK -- At a special meeting of The Salomon Brothers Fund Inc (NYSE: SBF) held earlier today, shareholders of the Fund voted to approve the conversion of the Fund from a closed-end investment company
to an open-end investment company
and certain amendments to the Fund's fundamental investment restrictions, including the fundamental investment restrictions relating to borrowing, investing in real estate, lending and investing in other investment companies.
We are pleased to have been selected as Rite Aid's sale/leaseback provider and to be aligned with such a premier drugstore brand," said Peter Mavoides, president and chief executive officer of Sovereign Investment Company