EFTA Document EFTA01392021

GLOUS144 Glenn Warren Additionally, if a U.S. Tax-Exempt Investor incurs debt to finance its Interest. al l or a portion of the income or gain attributed to the Interest would be included in UBTI. regardless of whether such income or gain would otherwise be excluded as dividends, interest or income which is not normally UBTI. U.S. Tax-Exempt Investors that are "charitable remainder trusts" am subject to a 100V0 excise tax on their UBTI. Further. certain U.S. Tax-Exempt Investors may be sub