Distributions based on total return in Pooled Income Fund?

Distributions based on total return in Pooled Income Fund?

Forum topic posted in Forum on 8 February 2011| 1 comments
audience: | last updated: 8 February 2011
2 posts / 0 new
Last post
Joined: 01/11/2011
Points: 60
Most pooled income funds I am aware of distribute investment income (dividends and interest) only. Is it permissible to establish a pooled income fund that makes distributions of a stated percentage, similar to a CRT? Central to my question is whether this "income only" restriction is an IRS stipulation that applies to PIFS, or whether it is simply a common feature of most PIF Trust documents, made by choice. Is UPMIFA relevant to this question? If anyone can shed light on this, please do.

Add comment

Login or register to post comments


Joined: 11/18/1998
Points: 60
Pooled Unitrust Fund
You may be able to do this, but there are some gray areas and hurdles to overcome, as explained by California attorney Reynolds Cafferata in his outline from the 2003 NCPG conference, which you can access for free via the link at left side of this web site.
7520 Rates:  October 3.4%  September 3.4%  August 3.4%

Already a member?

Learn, Share, Gain Insight, Connect, Advance

Join Today For Free!

Join the PGDC community and…

  • Learn through thousands of pages of content, newsletters and forums
  • Share by commenting on and rating content, answering questions in the forums, and writing
  • Gain insight into other disciplines in the field
  • Connect – Interact – Grow
  • Opt-in to Include your profile in our searchable national directory. By default, your identity is protected

…Market yourself to a growing industry