Final answer:
A Performance Information Memorandum (PIM) usually covers a maximum period of 1 year, providing a comprehensive overview of a company's financial status for potential investors.
Step-by-step explanation:
A Performance Information Memorandum (PIM) is a comprehensive document that is issued by a company to provide potential investors with historical financial statements, current financial status, and future financial projections. The typical maximum period of time that a PIM covers is 1 year.
This document is often used in the context of securities offerings or mergers and acquisitions to give investors a clear picture of the company's performance and potential. The time period covered by a PIM can give investors enough data to assess performance trends and make informed investment decisions.