Prohibited Transaction Exemption 1980-83

This document is about a class exemption granted by the U.S. Department of Labor that permits, under certain conditions, purchases of securities by employee benefit plans when the proceeds from the sale of such securities may be used by the issuer to reduce or retire indebtedness to persons who are parties in interest with respect to such plans. The exemption provides retroactive and prospective relief from the restrictions of ERISA and the Internal Revenue Code.