Regulated Investment Companies or RICs are a type of company that has become increasingly popular.
Companies that elect to be RICs are considered "pass-through" organizations by the IRS, meaning that they generally do not pay taxes at the corporate level. Instead, the majority of their cash flow is passed through directly to investors. Among the numerous regulations that go along with the designation, are requirements to distribute over 90% of their taxable income.
This means that RICs generally have higher distributions than c-corporations and that makes them very attractive for investors seeking an income focused