Taxable Allocation definition

Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

Taxable Allocation means, with respect to any Series, the characterization of all or a portion of any dividend paid in respect of such Series as net capital gains or other income taxable for regular federal individual income tax purposes.

Taxable Allocation shall have the meaning specified in paragraph 3 of Part I of this Section 12.1.

Examples of Taxable Allocation in a sentence

• For the avoidance of doubt, no determination by any court or other applicable governmental authority that requires the Fund to make an Additional Amount Payment in respect of a Taxable Allocation shall be deemed to be a Tax Event hereunder.

• The Fund may also include such ordinary income or capital gains in a dividend on shares of a Series of VRDP without giving advance notice thereof if it increases the dividends by an additional amount calculated as if such income was a Taxable Allocation and the additional amount was a Gross-up Payment, provided the Fund will notify the Tender and Paying Agent of the additional amounts to be included in such dividend at least five Business Days prior to the applicable Dividend Payment Date.

• The amount of Additional Dividends to be paid by the Paying Agent in the event of a Retroactive Taxable Allocation to Holders will be determined by the Company pursuant to paragraph 2(e) of the Articles Supplementary.

• The Fund will use commercially reasonable efforts to make Taxable Allocations in respect of RVMTP Shares of each Series as provided in this Section 2.11(a), and shall make Taxable Allocations as described in Section 2.11(b) and/or Section 2.11(c) only if such commercially reasonable efforts do not reasonably permit the Fund to make a Taxable Allocation as contemplated by this Section 2.11(a).

• In lieu of adjusting the Dividend Rate, the Fund may make, in addition to and in conjunction with the payment of regular dividends for such Dividend Period, a supplemental distribution in respect of each share of such series for such Dividend Period equal to the Additional Amount Payment payable in respect of the Taxable Allocation made in respect of such share for such Dividend Period.

More Definitions of Taxable Allocation

Taxable Allocation means the allocation of any net capital gains or other income taxable for regular federal income tax purposes to a dividend paid in respect of the MFP Shares.

Taxable Allocation means, with respect to any Series, the amount, if any, to be included in a dividend payable in respect of such Series that constitutes net capital gain or other income taxable for regular U.S. federal income tax purposes.

Taxable Allocation means, with respect to any Series, the characterization of all or a portion of any dividend for U.S. federal income tax purposes paid in respect of such Series as net capital gains or other income taxable for regular U.S. federal individual income tax purposes.

Taxable Allocation means, with respect to the AMTP Shares, the allocation of any net capital gain or other income taxable for regular federal income tax purposes to a dividend paid in respect of the AMTP Shares.

Taxable Allocation means, with respect to any Series of iMTP Shares, the allocation of any net capital gains or other income taxable for regular federal income tax purposes, or regular California individual income tax purposes, to a dividend paid in respect of such Series of iMTP Shares.

Taxable Allocation means the allocation of any net capital gain or other income taxable for regular federal individual income tax purposes to a dividend paid in respect of the 2018 VMTP Shares.

Taxable Allocation means, with respect to any Series, the allocation of any net capital gain or other income taxable for regular federal and Arizona individual income tax purposes or Arizona individual income tax purposes to a dividend paid in respect of such Series.