Adjusted Unrealized Gain Before Estimated Tax Effects
If: | And: | Then adjusted unrealized gain before taxes is: |
Class 1 Appreciation [LESS THAN EQUAL TO]Net Appreciation | Class 1 Appreciation + Class 2 Appreciation [LESS THAN EQUAL TO]Net Appreciation | (80% * Class 1 Appreciation) + (50% * Class 2 Appreciation). |
Class 1 Appreciation [LESS THAN EQUAL TO]Net Appreciation | Class 1 Appreciation + Class 2 Appreciation [GREATER THAN]Net Appreciation | (80% * Class 1 Appreciation) + [(50% * (Net Appreciation - Class 1 Appreciation)]. |
Class 1 Appreciation [GREATER THAN]Net Appreciation | 80% * Net Appreciation. |
13 C.F.R. §107.1840