Our RIC tax lawyers counsel fund investment advisers and board members responsible for hundreds of open-end and closed-end regulated investment companies. Because we are retained not only as fund counsel, but also as counsel to the independent directors or to the advisers of families of funds, we are experienced with an array of traditional and non-traditional RIC structures, including master-feeder and fund-of-funds arrangements, as well as multiple-class shares and auction-market preferred shares. We have advised clients on special tax considerations arising from RIC investments, such as foreign securities and municipal obligations, and on fund transactions, including fund organization, reorganizations and mergers, and fund liquidations.