PFIC Status definition
PFIC Status the Issuer was not a "passive foreign investment company" ("PFIC") as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended, for its most recently completed taxable year and, based on the Issuer's current projected income, assets and activities, the Issuer does not expect to be classified as a PFIC for any subsequent taxable year;
Examples of PFIC Status in a sentence
PFIC Status................................................................................................