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Extraction Summary

2
People
5
Organizations
0
Locations
0
Events
2
Relationships
3
Quotes

Document Information

Type: Financial research report
File Size: 1.8 MB
Summary

This document is page 18 of a Bank of America Merrill Lynch 'Equity Strategy Focus Point' report dated January 29, 2017. It analyzes the potential economic impact of ending interest deductibility on various market sectors (Energy, Telecom, etc.) and discusses how levered companies might react to tax changes. While the document contains no direct mention of Jeffrey Epstein, the Bates stamp 'HOUSE_OVERSIGHT_023086' indicates it was produced during the House Oversight Committee's investigation, likely regarding banking compliance or suspicious activity reports.

People (2)

Name Role Context
Hans Mikkelsen Investment Grade Strategist
Cited regarding the potential reduction in demand for IG credit.
Michael Contopoulos High Yield strategist
Cited regarding the potential dampening of Leverage Buyout (LBO) activity.

Organizations (5)

Name Type Context
Bank of America Merrill Lynch
House Oversight Committee
Document bears the Bates stamp HOUSE_OVERSIGHT_023086, indicating it was produced as part of a congressional investig...
FactSet
S&P
Preqin
Source for data on LBO funds' cash holdings.

Relationships (2)

Referred to as 'our Investment Grade Strategist' within a BofAML report.
Referred to as 'our High Yield strategist' within a BofAML report.

Key Quotes (3)

"Companies will likely grow comfortable with a smaller amount of debt, retain more earnings, use less cash for dividends and share buybacks"
Source
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Quote #1
"The tax change could also dampen Leverage Buyout (LBO) activity... where these funds are already struggling to generate high returns"
Source
HOUSE_OVERSIGHT_023086.jpg
Quote #2
"LBO funds are currently sitting on close to $1tn in cash looking for a home"
Source
HOUSE_OVERSIGHT_023086.jpg
Quote #3

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