SECTION 5. APPLICATION
Internal Revenue Bulletin 2009-40 · 2026-10-03 edition · updated 2026-10-04 · United States
For purposes of qualifying as a RIC under section 851(b)(3), a RIC meeting the requirements of Section 4 of this revenue procedure is treated as if it directly invested in the assets held by the PPIP in which it invests. For these purposes, its interest in PPIP assets is determined in accordance with its percentage of ownership of the capital interests in the PPIP.
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