Of course, the contradiction in this piece is also that, in one part, selling a
certain number of books (or making somewhere between $ 1000 to $ 5000)
satisfies the requirement, whereas in another part «making a living» is the defining
qualification.
The fund may in
certain circumstances be required to liquidate fund investments to make sufficient distributions to avoid federal excise tax liability at a time when the investment adviser might not otherwise have chosen to do so, and liquidation of investments in such circumstances may affect the ability of the fund to
satisfy the requirements for
qualification as a RIC.