Rev. Proc. 2020-19, page 871.

To enable publicly offered real estate investment trusts (REITs) and publicly offered regulated investment companies (RICs) to conserve capital, this revenue procedure modifies the safe harbor provided in Rev. Proc. 2017-45, 2017-35 I.R.B. 216, to temporarily reduce the minimum amount of cash that shareholders may receive to not less than 10 percent of the total declared distribution in order for the distribution to be taxable under section 301 by reason of section 305(b). This revenue procedure modifies Rev. Proc. 2017-45 solely with respect to distributions declared by a publicly offered REIT or publicly offered RIC on or after April 1, 2020, and on or before December 31, 2020.