832 Distributions by investment companies out of accumulated revenue profits
832 Distributions by investment companies out of accumulated revenue profits
Companies Act 2006 | Legislation

(1)     An investment company may make a distribution out of its accumulated, realised revenue profits if the following conditions are met.

(2)     It may make such a distribution only if, and to the extent that, its accumulated, realised revenue profits, so far as not previously utilised by a distribution or capitalisation, exceed its accumulated revenue losses (whether realised or unrealised), so far as not previously written off in a reduction or reorganisation of capital duly made.

(3)     It may make such a distribution only—

(a)     if the amount of its assets is at least equal to one and a half times the aggregate of its liabilities to creditors, and

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