Liquidating distribution to shareholders
Liquidation proceeds are expected to be disbursed on Monday, September 18, 2017.
The liquidating distribution is being made pursuant to the Fund’s Plan of Liquidation, as announced on May 17, 2017.
The following factors, among others, could cause actual results to differ materially from forward-looking statements: (i) the effects of adverse changes in market and economic conditions; (ii) legal and regulatory developments; and (iii) other additional risks and uncertainties." data-reactid="15"Certain statements contained in this release may be forward-looking in nature.
The following factors, among others, could cause actual results to differ materially from forward-looking statements: (i) the effects of adverse changes in market and economic conditions; (ii) legal and regulatory developments; and (iii) other additional risks and uncertainties.
The liquidating distribution represents all of the Fund’s remaining net assets except for amounts set aside for reasonably ascertainable liabilities and obligations of the Fund." data-reactid="12"Deutsche Global High Income Fund, Inc.
(formerly traded on the NYSE under the symbol “LBF”) (the “Fund”) announced today the payment of a final liquidating distribution to shareholders of .823 per share.
But for tax purposes, the defining line can make a big difference.
Witness the situation described in recent letter from the Internal Revenue Service (LTR 200806006, November 7, 2007), which addresses a seeming anomaly related to the tax code.
All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements.
Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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If it is considered terminated, the company would have been viewed as having completely liquidated, and both it and its shareholders would have experienced the tax consequences attendant to the situation. In other words, in most cases, the liquidation of a corporation commonly engenders two levels of taxation: tax will be imposed at both the corporate and distributee shareholder levels.* The De Facto Company Closure A complete liquidation is not always accompanied by a formal or legal company shutdown. Thus, unless dissolution brings about an automatic transfer of the corporation’s assets to its shareholders, the corporation, even though dissolved, continues its existence.