Examples of Class CE Certificates in a sentence
The Class C-E Certificates will be issuable in book-entry form through DTC in minimum denominations of $1,500,000 with integral multiples of $1 in excess thereof.
The U.S. federal income tax treatment of the Class C-E Certificates is not clear.
The Class C-E Certificates will be subject to tax-related restrictions on transfer set forth in the offering memorandum, including that the Class C-E Certificates may not be transferred or held in an amount less than the minimum denomination.
Interest payments on any Class C-E Certificates held by a non-U.S. person are expected to be subject to 30% U.S. withholding tax, unless reduced pursuant to an applicable tax treaty.
Recommendation: That the City Council consider this report, and authorize the City Attorney to schedule a presentation by Michael Jenkins concerning public official ethics and legal issues.