Corpo Ration

Instructions for Form NYC-3L

ownership. As explained more below, if a corpo-ration subject to the GCT directly owns over 50% of the voting stock of a captive REIT or RIC or is the “closest controlling shareholder” of a captive REIT or RIC, then the captive REIT or RIC must be included in a combined report under the GCT with that corporation. For these purposes, the

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