Net Capital Gains definition

Net Capital Gains means Realized Capital Gains net of Capital Losses determined in accordance with generally accepted accounting principles.
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Net Capital Gains means the excess of the Trust's net long-term capital gains over its net short-term capital losses.
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Net Capital Gains for any year means the net capital gains of a Fund for such year computed in accordance with Section 7.2;
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Examples of Net Capital Gains in a sentence

  • Adjusted EPS shall be calculated by subtracting After-Tax Net Capital Gains (Losses) (as defined below) from the Company’s net income for the year, and then dividing the resulting amount by the Company’s diluted weighted-average common shares outstanding for the year.

  • For the purposes of such distributions, it shall be assumed that the Members are taxable at combined U.S. federal individual, state and local rates of forty percent (40%) on ordinary income and at a twenty percent (20%) rate on Net Capital Gains.

  • It is specifically recognized that in making a forty percent (40%) assumption regarding tax distributions on ordinary income and twenty percent (20%) on Net Capital Gains, some Members may receive a distribution that is in excess of their actual tax liabilities, and some Members may receive a distribution that is less.

  • The Trustee, upon the direction of the Manager, may transfer temporarily from capital to income within a Fund, sufficient cash to facilitate distributions of Net Capital Gains to Unitholders.

  • Good faith estimates of the Net Capital Gains, if any, for a taxable year shall be made by the Advisor on a quarterly basis and provided to the Subadvisor, and an estimated payment of one-quarter of the annual amount of any Additional Payment expected to be made on the basis of such quarterly estimates will be made by the Advisor to the Subadvisor no later than 5 Business Days before the date by which the Subadvisor is required to pay estimated Federal and State taxes in respect of such quarter.


More Definitions of Net Capital Gains

Net Capital Gains means with respect to a particular fiscal year, the capital gains of the Fund for such year less the capital losses of the Fund for such year, calculated in accordance with the Tax Act.
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Net Capital Gains means, in respect of a Fund for any taxation year, the net capital gains of the Fund for such taxation year computed in accordance with Section 8.1.2;
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Net Capital Gains for a Fund means the net capital gains of the Fund for a taxation year computed in accordance with Section 6.2;
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Net Capital Gains means, for any year, the net capital gains of a Fidelity ETF for such year computed in accordance with Section 9.2;
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Net Capital Gains means realized capital gains less realized capital losses from the sale or maturity on Invested Assets plus the unrealized capital gains less the unrealized capital losses from the change in statutory book value and admitted value on Invested Assets, minus the additions to (which may be positive or negative) and plus the amortization of (which may be positive or negative) the Interest Maintenance Reserve on Invested Assets.
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Net Capital Gains of the Fund for a taxation year means the amount, if any, by which: (i) the capital gains realized by the Fund in the taxation year; exceeds the aggregate of (ii) the capital losses incurred by the Fund in the taxation year; and (iii) the unapplied capital losses incurred by the Fund in the preceding taxation years, to the extent that they may be, and are, applied against capital gains realized by the Fund in the taxation year. For this purpose, "capital gains" and "capital losses" shall be computed in accordance with the provisions of the Tax Act.
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Net Capital Gains means Realized Capital Gains minus the sum of: (i) Capital Losses determined in accordance with generally accepted accounting principles; and (ii) net investment losses, if any, as reported on Line 32 of SBA Form 468.
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