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FEDERAL INCOME TAX CONSEQUENCES The Company intends to elect, with the filing of its first federal corporate income tax return in 1998, to elect to be a real estate investment trust aREITfor federal income tax purposes. That would leave her plenty of time to save up and pay it off, right? Click here for information on American Funds tax bond funds. Number financed excluding refinancing The number of dwellings financed excluding refinancing seasonally adjusted decreased in January 2004 down 4034, -10.

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