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ADVISORY/New SEC Mutual Fund Rule Affects All Investors: Expert Tells Why.


Business Editors

ADVISORY...

PITTSBURGH--(BUSINESS WIRE)--Jan. 22, 2001

The Securities and Exchange Commission late Friday Friday: see Sabbath; week.

Friday

young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe]

See : Servant
 announced its new rule mandating that mutual fund companies calculate and report the impact of federal income tax on their funds' rates of return.

This new regulation will affect all investors in mutual funds. Your readers will want to know how the rule works, and how to make it work for them. Kirk Botula, vice president of Confluence Technologies, Inc., is the leading expert on the impact of taxes on mutual funds and can tell your readers what they need to know.

Mr. Botula helped advise the SEC during its deliberations on the question of how to calculate after-tax af·ter-tax also af·ter·tax
adj.
Relating to or being that which remains after payment, especially of income taxes: after-tax profits. 
 returns for mutual funds. Mr. Botula also submitted to the SEC a detailed comment on the agency's proposed rule earlier this year. Mr. Botula is thus well-prepared to explain to investors both the effect and the development of this new and important regulation.

More than 40 percent of all United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  mutual funds use software made by Pittsburgh-based Confluence Technologies to calculate investment performance and broadcast data. FundStation.net, a Confluence Technologies service, delivers comprehensive mutual fund performance data over the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
. A new component of FundStation.net, After Tax Returns, delivers fast, accurate, and SEC-compliant tax impact calculations to Confluence's customers.

For more information or to schedule an interview with Kirk Botula, contact Joe Ramirez Ramirez may refer to:
  • Ramirez (Portugal), a Portuguese canned fish producer company
  • Ramirez (Skies of Arcadia), a character from the video game Skies of Arcadia
  • Ramirez (surname), people with the surname Ramirez:
, Jampole Communications, Inc., at 412-471-2463 or ramirez@jampole.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 22, 2001
Words:240
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