Series 22: Regulated Investment Company

Taken from our Direct Participation Programs Representative Exam

Definition of the term Regulated Investment Company ...

an investment company that is allowed to deduct all income that it distributes to shareholders from its corporate taxes. To be considered a regulated investment company by the IRS, a mutual fund must distribute at least 90% of its net income to its shareholders.

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Solomon Exam Prep Study Materials for the Series 22
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