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Exhibit Y

SECTION 1. PURPOSE

Internal Revenue Bulletin 2003-16 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure describes conditions under which a regulated investment company (RIC) that holds a partnership interest is treated, for purposes of qualifying as a RIC under § 851(b)(3) of the Internal Revenue Code of 1986 and for purposes of eligibility to pay exempt-interest dividends under § 852(b)(5), as if it directly invested in the assets held by the partnership.

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▸Contents — Internal Revenue Bulletin 2003-16
Internal Revenue Bulletin 2003-16

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