Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees of the Fund (each a “Trustee,” and together the “Board”) or of its shareholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares available for sale pursuant to this Agreement.
Appears in 28 contracts
Samples: Distribution Agreement (XAI Octagon Floating Rate & Alternative Income Trust), Distribution Agreement (NXG Cushing Midstream Energy Fund), Distribution Agreement (DoubleLine Yield Opportunities Fund)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees of the Fund (each a “Trustee,” and together the “Board”) or of its shareholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares available for sale pursuant to this Agreement.
Appears in 10 contracts
Samples: Distribution Agreement (RiverNorth Managed Duration Municipal Income Fund II, Inc.), Distribution Agreement (Rivernorth Opportunities Fund, Inc.), Distribution Agreement (RiverNorth Flexible Municipal Income Fund II, Inc.)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees Directors of the Fund (each a “TrusteeDirector,” and together the “Board”) or of its shareholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares registered for sale under the Securities Act and available for sale pursuant to this Agreementthe Registration Statement.
Appears in 9 contracts
Samples: Distribution Agreement (Blackrock Debt Strategies Fund, Inc.), Distribution Agreement (Blackrock Income Trust, Inc.), Distribution Agreement (Blackrock Investment Quality Municipal Trust, Inc.)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees of the Fund (each a “Trustee,” and together the “Board”) or of its shareholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares registered for sale under the Securities Act and available for sale pursuant to this Agreementthe Registration Statement.
Appears in 7 contracts
Samples: Distribution Agreement (Blackrock Floating Rate Income Trust), Distribution Agreement (BLACKROCK LTD DURATION INCOME TRUST), Distribution Agreement (BlackRock Multi-Sector Income Trust)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees Directors of the Fund (each Board member a “TrusteeDirector,” and together the “Board”) or of its shareholdersstockholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares registered for sale under the Securities Act and available for sale pursuant to this Agreementthe Registration Statement.
Appears in 2 contracts
Samples: Distribution Agreement (Neuberger Berman High Yield Strategies Fund Inc.), Distribution Agreement (Neuberger Berman High Yield Strategies Fund Inc.)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees of the Fund (each a “"Trustee,” " and together the “"Board”") or of its shareholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares available for sale pursuant to this Agreement.
Appears in 2 contracts
Samples: Distribution Agreement (Reaves Utility Income Fund), Distribution Agreement (Reaves Utility Income Fund)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Directors/Trustees of the Fund (each a “TrusteeDirector,” and together the “Board”) or of its shareholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares registered for sale under the Securities Act and available for sale pursuant to this Agreementthe Registration Statement.
Appears in 2 contracts
Samples: Distribution Agreement (Blackrock Floating Rate Income Strategies Fund, Inc.), Distribution Agreement (Blackrock LTD Duration Income Trust)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees Directors of the Fund (each a “TrusteeDirector,” and together the “Board”) or of its shareholders, all necessary action to fix the number of authorized shares of Common SharesStock, to the end that the Fund will have a number of authorized but unissued shares of Common Shares Stock at least equal to the number of Common Shares available for sale pursuant to this Agreement.
Appears in 1 contract
Samples: Distribution Agreement (Cohen & Steers Infrastructure Fund Inc)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees Directors of the Fund (each a “Trustee,” and together the “"Board”") or of its shareholders, all necessary action to fix the number of authorized shares of Common SharesStock, to the end that the Fund will have a number of authorized but unissued shares of Common Shares Stock at least equal to the number of shares of Common Shares Stock available for sale pursuant to this Agreement.
Appears in 1 contract
Samples: Distribution Agreement (Brookfield Real Assets Income Fund Inc.)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees Directors of the Fund (each a “Trustee"Director,” " and together the “"Board”") or of its shareholders, all necessary action to fix the number of authorized Common Shares, to the end that the Fund will have a number of authorized but unissued Common Shares at least equal to the number of Common Shares available for sale pursuant to this Agreement.
Appears in 1 contract
Samples: Distribution Agreement (Rivernorth Opportunities Fund, Inc.)
Duties of the Fund. (a) The Fund shall take, from time to time, but subject always to any necessary approval of the Board of Trustees Directors of the Fund (each a “Trustee,” and together the “Board”) or of its shareholders, all necessary action to fix the number of authorized shares of Common SharesStock, to the end that the Fund will have a number of authorized but unissued shares of Common Shares Stock at least equal to the number of shares of Common Shares Stock available for sale pursuant to this Agreement.
Appears in 1 contract
Samples: Distribution Agreement (Brookfield Real Assets Income Fund Inc.)
