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Common use of Federal Taxes Clause in Contracts

Federal Taxes. The Fund intends to continue to comply with provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its taxable income, including any net realized gain on investments not offset by loss carryovers, to shareholders. Therefore, no federal income or excise tax provision is required. As of October 31, 2001, the Fund had available for federal income tax purposes unused capital loss carryovers as follows:

Appears in 2 contracts

Samples: Statement of Additional Information (Oppenheimer Midcap Fund), Statement of Additional Information (Oppenheimer Midcap Fund)

Federal Taxes. The Fund intends to continue to comply with provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its taxable income, including any net realized gain on investments not offset by loss carryovers, to shareholders. Therefore, no federal income or excise tax provision is required. As of October 31, 2001, the Fund had available for federal income tax purposes unused capital loss carryovers as follows:: EXPIRING

Appears in 2 contracts

Samples: Statement of Additional Information (Oppenheimer Capital Preservation Fund), Statement of Additional Information (Oppenheimer Capital Preservation Fund)

Federal Taxes. The Fund intends to continue to comply with provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its taxable income, including any net realized gain on investments not offset by loss carryovers, carryovers to shareholders. Therefore, no federal income or excise tax provision is required. As of October December 31, 2001, the Fund had available for federal income tax purposes an unused capital loss carryovers carryover as follows:

Appears in 1 contract

Samples: Statement of Additional Information (Panorama Series Fund Inc)