Other Tax Services. ● Prepare for execution and filing, the federal and state income and excise tax returns; ● Prepare year-end Investment Company Institute broker/dealer reporting and prepare fund distribution calculations disseminated to broker/dealers; and ● Coordinate U.S.C. Title 26 Internal Revenue Code (“IRC”) §855 and excise tax distribution requirements. ■ Uncertain Tax Provisions ● Documentation of all material tax positions taken by a Fund with respect to specified fiscal years and identified to BNY Mellon (“Tax Positions”); ● Review of a Fund’s: (i) tax provision work papers, (ii) excise tax distribution work papers, (iii) income and excise tax returns, (iv) tax policies and procedures, and (v) Subchapter M compliance work papers; ● Determine as to whether or not Tax Positions have been consistently applied, and documentation of any inconsistencies; ● Review relevant statutory authorities; ● Review tax opinions and legal memoranda prepared by tax counsel or tax auditors to a Fund; ● Review standard mutual fund industry practices, to the extent such practices are known to, or may reasonably be determined by, BNY Mellon; and ● Delivery of a written report to the applicable Fund detailing such items. ■ The following are expressly excluded from the Uncertain Tax Positions services: (i) assessment of risk of any challenge by the Internal Revenue Service or other taxing authority against any Tax Position (including, without limitation, whether it is “more likely than not” such Tax Position would be sustained); (ii) calculation of any tax benefit measurement, in whole or in part, that may be required if any “more likely than not” threshold has not been met; and (iii) any tax opinion or tax advice. Additionally, none of the Uncertain Tax Positions services shall be deemed to be or constitute a tax opinion or tax advice.
Other Tax Services. Prepare for execution and filing, the federal and state income and excise tax returns; · Prepare year-end Investment Company Institute broker/dealer reporting and prepare fund distribution calculations disseminated to broker/dealers; and · Coordinate U.S.C. Title 26 Internal Revenue Code (“IRC”) §855 and excise tax distribution requirements. § Uncertain Tax Provisions · Documentation of all material tax positions taken by the Fund with respect to specified fiscal years and identified to BNY Mellon (“Tax Positions”); · Review of the Fund’s: (i) tax provision work papers, (ii) excise tax distribution work papers, (iii) income and excise tax returns, (iv) tax policies and procedures, and (v) Subchapter M compliance work papers; · Determine as to whether or not Tax Positions have been consistently applied, and documentation of any inconsistencies; · Review relevant statutory authorities; · Review tax opinions and legal memoranda prepared by tax counsel or tax auditors to the Fund; · Review standard mutual fund industry practices, to the extent such practices are known to, or may reasonably be determined by, BNY Mellon; and · Delivery of a written report to the applicable Fund detailing such items.
Other Tax Services. Prepare for execution and filing, the federal and state income and excise tax returns; · Prepare year-end primary, secondary, and NRA layout of Investment Company Institute broker/dealer reporting and prepare fund distribution calculations disseminated to broker/dealers; and · Coordinate U.S.C. Title 26 Internal Revenue Code (“IRC”) §855 and excise tax distribution requirements. § Uncertain Tax Provisions · Document all material tax positions taken by a Fund with respect to specified fiscal years identified by BNY Mellon and/or FT Services (“Tax Positions”); · Review of a Fund’s: (i) tax provision work papers, (ii) excise tax distribution work papers, (iii) income and excise tax returns, (iv) tax policies and procedures, (v) Subchapter M compliance work papers, and (vi) any other tax work papers or calculations; · Determine as to whether or not Tax Positions have been consistently applied, and documentation of any inconsistencies; · Review relevant statutory authorities; · Review tax opinions and legal memoranda prepared by tax counsel or tax auditors to a Fund; · Review standard mutual fund industry practices, to the extent such practices are known to, or may reasonably be determined by, BNY Mellon; and · Delivery of a written report to FT Services detailing such items. FUND ADMINISTRATION SERVICES BNY Mellon shall provide the following fund administration services for each Fund: § In accordance with Instructions received from FT Services, and subject to portfolio limitations as provided by FT Services to BNY Mellon in writing from time to time, monitor a Fund’s compliance, on a post-trade basis, with such portfolio limitations, provided that BNY Mellon maintains in the normal course of its business all data necessary to measure a Fund’s compliance; § Monitor a Fund’s status as a regulated investment company under Subchapter M of the IRC and provide periodic updates to FT Services, including the results of preliminary and final asset diversification tests and the results of qualifying income tests; § Establish appropriate expense accruals, calculate voluntary/contractual waiver of certain fees and or the reimbursement of fees over a stated limitation and compute expense ratios, maintain expense files and coordinate the payment of Fund approved invoices; § Based on recommendations of income distributions from BNY Mellon and approved by FT Services, calculate Fund approved income and per share amounts required for periodic distributions to be made by the ap...
Other Tax Services. Prepare for execution and filing, the federal and state income and excise tax returns; • Prepare year-end Investment Company Institute broker/dealer reporting and prepare fund distribution calculations disseminated to broker/dealers; and • Coordinate U.S.C. Title 26 Internal Revenue Code (“IRC”) §855 and excise tax distribution requirements.
Other Tax Services. Prepare for execution and filing, the federal and state income and excise tax returns; and · Coordinate U.S.C. Title 26 Internal Revenue Code (“IRC”) §855 and excise tax distribution requirements. FUND ADMINISTRATION SERVICES BNY Mellon shall provide the following fund administration services for each Fund: · In accordance with Instructions received from a Fund, and subject to portfolio limitations as provided by such Fund to BNY Mellon in writing from time to time, monitor such Fund’s compliance, on a post-trade basis, with such portfolio limitations, provided that BNY Mellon maintains in the normal course of its business all data necessary to measure the Fund’s compliance; · Monitor the Fund’s status as a regulated investment company under Subchapter M of the IRC and Subchapter L of the IRC (if required). · Establish appropriate expense accruals and compute expense ratios, maintain expense files and coordinate the payment of Fund approved invoices; · Calculate Fund approved income and per share amounts required for periodic distributions to be made by the applicable Fund; · Coordinate a Fund’s annual audit; · Supply various normal and customary portfolio and Fund statistical data as requested on an ongoing basis; and · If the chief executive officer or chief financial officer of a Fund is required to provide a certification as part of the Fund’s Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the SEC under Section 302 of the Xxxxxxxx-Xxxxx Act of 2002, provide a sub-certification in support of certain matters set forth in the aforementioned certification. Such sub-certification is to be in such form and relating to such matters as agreed to by BNY Mellon in advance. BNY Mellon shall be required to provide the sub-certification only during the term of this Agreement with respect to the applicable Fund and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Xxxxxxxx-Xxxxx Act of 2002 or under any other law, rule or regulation. APPENDIX I
Other Tax Services. Prepare for execution and filing, the federal and state income and excise tax returns; • Prepare year-end primary, secondary, and NRA layout of Investment Company Institute broker/dealer reporting and prepare fund distribution calculations disseminated to broker/dealers; and • Coordinate IRC §855 and excise tax distribution requirements. Uncertain Tax Provisions • Document all material tax positions taken by a Fund with respect to specified fiscal years identified by BNY and/or FT Services (“Tax Positions”); • Review of a Fund’s: (i) tax provision work papers, (ii) excise tax distribution work papers, (iii) income and excise tax returns, (iv) tax policies and procedures, (v) Subchapter M compliance work papers, and (vi) any other tax work papers or calculations; • Determine as to whether or not Tax Positions have been consistently applied, and documentation of any inconsistencies; • Review relevant statutory authorities; • Review tax opinions and legal memoranda prepared by tax counsel or tax auditors to a Fund; • Review standard mutual fund industry practices, to the extent such practices are known to, or may reasonably be determined by, BNY; and • Delivery of a written report to FT Services detailing such items.
Other Tax Services. (i) Prepare for execution and filing, the federal and state income and excise tax returns;
