[E. Pluribus Unum]

1. I invested US dollars.

2. No dividends have been paid to me thus far.

3. I don't know if there have been any capital gains reported by the fund. Here is their first quarter 2011 financial statement.

Here is some ancillary information I found:

Instructions for Form 8621

U.S. Tax Form 8621 For Shareholders of Passive Foreign Investment Companies

[Alberta's Child]

Question #4: How did you determine that this meets the standards of a PFIC under U.S. tax law? I'm wondering how they make this determination for someone who invests U.S. dollars in a foreign company that is listed on the AMEX exchange here in the U.S.

Question #5: If you are interested in investing in a gold/silver company and you are investing U.S. dollars, what made you select a Canadian company for this? (I don't mean this wasn't a wise move, just that it seems to add a degree of complexity that may be unnecessary for a simple gold/silver investment strategy.)