Under Swiss withholding tax law, the annual distribution of investment trusts deriving at least 80% of their income from non-Swiss sources is credited to shareholders not residing in Switzerland without deduction of Swiss withholding tax, provided the bank where the coupons are cashed declares:

(1) that the shareholder does not reside in Switzerland,

(2) that the shares are deposited with it in a safekeeping account,

(3) that the coupon amount is not paid out in cash but credited to an account held by the shareholder at that bank.