Business Dealings

Stock Buyback Deals

A public corporation will be required to allocate a dollar into a UBIF for every two dollars paid out to buy back stock.

Private Equity Deals

When a private equity (PE) firm/fund buys controlling ownership of a public company, the PE will be required to allocate a dollar into a UBIF for every two dollars invested in the public company.

Registered Lobbyists Dealings

Registered lobbyists will be required to allocate a dollar into a UBIF for every two dollars paid out to promote or influence public policy on behalf of a public corporation.

Election Spending Dealings

Public corporations (including those controlled by foreign nationals) will be required to allocate a dollar into a UBIF for every two dollars paid out to promote or influence elections, i.e., campaign advertising.

Convertible Bond Deals

A public corporation will be required to allocate a dollar into a UBIF for every two dollars of share capital received upon a stock conversion.

Donor-Advised Funds (DAFs) In Equity* Growth Funds

A (corporate) public foundation DAF, benefiting from share capital, will be required to allocate a dollar into a UBIF for every two dollars granted* to charity.

*A grant Is defined as a transfer of assets from a donor-advised fund to a qualified charitable recipient.