N-2015-41: CAPITAL GAIN DISTRIBUTIONS OF REGULATED INVESTMENT COMPANIES

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June 1, 2015

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Issue Number: N-2015-41

Inside This Issue

Notice 2015-41 provides guidance to regulated investment companies (“RICs”) and their shareholders under §§ 1(h) and 852(b) of the Internal Revenue Code concerning capital gain dividends of RICs. The notice updates prior guidance to take into account changes made to § 852 by the Regulated Investment Company Modernization Act of 2010, Pub. L. No. 111–325, 124 Stat. 3537, and to address other aspects of the computation and treatment of capital gain dividends of RICs.

Notice 2015-41 will appear in IRB 2015-24 dated June 15.

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