Collateralized Loan Obligations (Tax Management Portfolios : Foreign Income; 6585) |
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| Author:
| Schwartz, Jason
Miller, David S. |
| ISBN: | 978-1-63359-230-8 |
| Publication Date: | Jan 2018 |
| Publisher: | Bloomberg BNA Library
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| Book Format: | Digital online |
| List Price: | Contact Supplier contact
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Book Description:
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" ... describes the taxation of collateralized loan obligation issuers (CLOs) and their investors. This Portfolio is intended to be a comprehensive reference guide for a tax advisor representing an underwriter, a collateral manager, or a prospective investor in a CLO notes issuance. We begin with a broad overview of how CLOs work, how they are structured, and the transaction documents that are relevant to a tax advisor. We then discuss in detail the different ways that CLOs can be...
More Description" ... describes the taxation of collateralized loan obligation issuers (CLOs) and their investors. This Portfolio is intended to be a comprehensive reference guide for a tax advisor representing an underwriter, a collateral manager, or a prospective investor in a CLO notes issuance. We begin with a broad overview of how CLOs work, how they are structured, and the transaction documents that are relevant to a tax advisor. We then discuss in detail the different ways that CLOs can be structured for tax purposes, the tax characterization (as debt or equity) of the different classes of notes issued by a CLO, the tax consequences to investors of investing in CLO notes (which differ depending on how the CLO is structured), the tax guidelines that many CLOs follow to avoid being engaged in a U.S. trade or business for U.S. tax purposes, the consequences to a CLO of being engaged in a U.S. trade or business, how CLOs avoid U.S. withholding tax, and various other considerations relevant to CLOs, collateral managers, and investors."