onsult with a tax adviser prior to depositing municipal securities to satisfy margin requirements as there may be tax consequences of doing so. 12. Rehypothecetion and Tax Treatment of Payments in lieu of Dividends. The Internal Revenue Code generally provides that, subject to certain requirements, dividends paid to a U.S. individual shareh

onsult with a tax adviser prior to depositing municipal securities to satisfy margin requirements as there may be tax consequences of doing so. 12. Rehypothecetion and Tax Treatment of Payments in lieu of Dividends. The Internal Revenue Code generally provides that, subject to certain requirements, dividends paid to a U.S. individual shareh