The document is a PFIC Notice from Bank of America Merrill Lynch dated June 6, 2016, regarding the purchase of Non-Cumulative Preference Shares, Series A of Validus Holdings, Ltd. It discusses the Issuer's belief that it will not be a passive foreign investment company (PFIC) for U.S. federal income tax purposes for the current taxable year and does not expect to become a PFIC in the foreseeable future. However, it notes that this determination is made annually and is subject to change. The document advises U.S. holders to consult their tax advisors regarding the application of PFIC rules to their investments in the preferred shares.
documents/EFTA00618203.pdf
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