Accounting and Administrative Services. The Administrator will provide the Trust with customary administrative services, regulatory reporting, fund accounting, and related portfolio accounting services, adequate office space, equipment, personnel, and facilities (including facilities for regular trustees’ meetings) for handling the affairs of the Fund(s), and such other services as the Trustees may, from time to time, reasonably request, and the Administrator may, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, at the request of the Trustees, the Administrator will make reports to the Trustees concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, the Administrator will:
a) Calculate contractual Trust expenses and control all disbursements for the Trust, and, as appropriate, compute each Fund’s yields, total return, expense ratios, portfolio turnover rate and, if required, portfolio average dollar-weighted maturity;
b) Assist Trust counsel with the preparation of prospectuses, statements of additional information, and registration statements;
c) Assist in the preparation of such reports, applications, and documents (including reports regarding the sale and redemption of shares as may be required in order to comply with Federal and/or state securities laws) as may be necessary or desirable to register the Trust’s shares with state securities authorities, assist in monitoring the sale of the Trust’s shares for compliance with state securities laws, and assist in the preparation and filing with the appropriate state securities authorities the registration statements and reports for the Trust and the Trust’s shares with state securities authorities to enable the Trust to make a continuous offering of its shares;
d) Assist in the development and preparation of communications to shareholders, including the semi-annual and annual reports to shareholders (the “Shareholder Reports”), coordinate mailing prospectuses, notices (including privacy policy notices), proxy statements, proxies, and other reports (including, without limitation, semi-annual and annual reports to shareholders) to Trust shareholders, and supervise and facilitate the solicitations of proxies solicited by the Trust for all shareholder meetings (including, without limitation, the tabulation process for shareholder meetings);
e) Coordinate with Trust counsel the preparation and negotiation of, and administer contracts...
Accounting and Administrative Services. (1) provide the daily management for the Company and the Operating Partnership and perform and supervise the various administrative functions reasonably necessary for the management of the Company and the Operating Partnership, unless expressly provided for elsewhere in this Agreement;
(2) provide the Company and the Operating Partnership with, or arrange for the provision to the Company and the Operating Partnership of, all necessary cash management services;
(3) consult with the Company’s officers and the Board and assist the Board in evaluating and obtaining adequate insurance coverage based upon risk management determinations;
(4) implement and coordinate the processes with respect to the NAV Calculations, and in connection therewith, obtain appraisals performed by an Independent Valuation Advisor concerning the value of the Real Properties;
(5) supervise one or more Independent Valuation Advisors and, if and when necessary, recommend to the Board its replacement; and
(6) deliver to or maintain on behalf of the Company copies of all appraisals obtained in connection with the investments in Real Properties and all valuations of Real Estate Related Securities or Debt Investments as may be required to be obtained by the Board;
(7) in consultation with legal counsel, advise the Company regarding the maintenance of the Company’s exemption from the Investment Company Act of 1940, as amended, and monitor compliance with the requirements for maintaining an exemption from such act;
(8) in consultation with legal counsel and other tax advisers, advise the Company regarding the maintenance of the Company’s status as a REIT and monitor compliance with the various REIT qualification tests and other rules set out in the Code and the regulations promulgated thereunder;
(9) in consultation with legal counsel and other tax advisers, take all necessary actions to enable the Company and the Operating Partnership to make required tax filings and reports, including soliciting Stockholders for required information to the extent provided by the REIT provisions of the Code; and
(10) oversee and resolve all claims, disputes or controversies (including all litigation, arbitration, settlement or other proceedings or negotiations) in which the Company and the Operating Partnership may be involved or to which the Company and the Operating Partnership may be subject, arising out of the Company’s or the Operating Partnership’s day-to-day operations, subject to such limitations or pa...
Accounting and Administrative Services. (i) The Adviser, at its own expense, will perform the following accounting functions on an ongoing basis:
(1) Journalize the Fund’s investment, capital share and income and expense activities;
(2) Verify investment buy/sell trade tickets when received from the Fund and transmit trades to the Trust’s custodian for proper settlement;
(3) Maintain individual ledgers for investment securities;
(4) Reconcile cash and investment balances with the Trust’s custodian, and provide the Fund with the beginning cash balance available for investment purposes;
(5) Update the cash availability throughout the day as required by the Fund;;
(6) Posy to and prepare the Fund’s Statement of Assets and Liabilities and the Statement of Operations;
(7) Calculate various contractual expenses (e.g., transfer agency fees);
(8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents;
(9) Calculate capital gains and losses;
(10) Determine the net income;
(11) Obtain security prices, at the Fund’s expense, to calculate the market value of the Fund’s investments;
(12) Delivery a copy of the daily portfolio valuation to the Fund;
(13) Compute the Fund’s net asset value;
(14) Compute the Fund’s yields, total return, expense ratios, and portfolio turnover rate;
(15) Monitor the expense accruals and notify the Fund of any proposed adjustments; and
(16) Prepare periodic unaudited financial statements.
(ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, provide or arrange for the following services for the Fund:
(1) Prepare periodic audited financial statements;
(2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis;
(3) Prepare for execution and file the Federal and state tax returns;
(4) Prepare and file the Semi-Annual Reports with the SEC on Form N-SAR;
(5) Prepare and file with the Securities and Exchange Commission the Trust’s annual, semi-annual, and quarterly shareholder reports;
(6) File registration statements on form N-1A and other filings relating to the registration of Shares;
(7) Monitor the Fund’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended;
(8) Maintain the Fund’s fidelity bond as required by the 1940 Act;
(9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings...
Accounting and Administrative Services. ARC shall handle and be responsible for the obligations of the Company under Article 12 below, including the maintaining of the Company’s and each Subsidiary’s books of account, preparation of financial statements for the Company and each Subsidiary and preparation and filing of tax returns for the Company and each Subsidiary. ARC shall not be compensated for providing such services to the Company.
Accounting and Administrative Services. The Administrator will provide the Trust with customary administrative services, regulatory reporting, fund accounting, and related portfolio accounting services, adequate office space, equipment, personnel, and facilities (including facilities for regular trustees' meetings) for handling the affairs of the Fund(s), and such other services as the Trustees may, from time to time, reasonably request, and the Administrator may, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, at the request of the Trustees, the Administrator will make reports to the Trustees concerning the performance of its obligations hereunder.
Accounting and Administrative Services. Without limiting the generality of the foregoing, the Administrator will:
a. Process and review transactions, input and reconcile the Funds’ investment activity, including but not limited to: ● Investments, including tax lots ● Income ● Dividends ● Capital activity ● Principal paydowns ● Cash activity ● Corporate actions ● Calculation of yields, including SEC yields and dividend yields when applicable
b. Reconcile positions against the records of the custodian or other applicable party including: ● Securities, futures and over-the-counter (“OTC”) holdings ● Cash including cash transfers, fees assessed and other investment related cash transactions ● Trade settlements ● ETF share reconciliation with DTCC ● Commission expense and reimbursements, if applicable ● Daily variation margin
c. Update each security, futures, and OTC position as to the following: ● Daily valuation ● Market prices obtained from approved sources or Fair Valuation obtained from an Authorized Person of the Fund
d. Perform investment accounting including:
i. Amortization/accretion at the individual tax lot level
ii. Determine realized and unrealized capital gains/losses
iii. General ledger entries
iv. Daily accruing of expenses and other expense related transactions
v. Book value calculations
vi. Trade date + 1 accounting
vii. Daily NAV Calculation – Calculation of the NAV as of the earlier of 4:00 p.m. Eastern or close of Fund’s benchmark.
e. Disseminated the NAV and portfolio holdings as follows:
i. Provide daily NAV and holding data to Morningstar, Lipper, and other organizations as requested by the Sponsor
ii. Create and transmit NAV, IIV data, and holding files on a daily basis to the FTP site(s) designated by the Sponsor
f. Provide accounting reports in connection with the annual audit and other audits and examinations by regulatory agencies
g. Provide internet-based access to fund accounting data
h. Provide position reporting
i. Prepare, review and file quarterly reports on Form 10-Q and annual reports on Form 10-K in accordance with U.S. GAAP and with deference to Sponsor preferences in a timely fashion, which may include:
i. Statements of Financial Condition
ii. Schedules of Investments
iii. Statements of Operations
iv. Statements of Changes in Shareholders’ Equity
v. Statements of Cash Flows
vi. Notes to Financial Statements
vii. Trust Combined Statements
j. Review/Prepare other financial data included in the 10-Qs and 10-Ks.
k. Prepare quarterly reports on Form 10-Q for the Fun...
Accounting and Administrative Services. The Sub-Administrator will assist the Administrator in providing the Fund with administrative services, fund accounting and related portfolio accounting services, equipment, personnel and facilities (including facilities for regular directors' meetings) necessary for Administrator's handling of the affairs of the Fund and such other services as the Administrator and the Directors may, from time to time, reasonably request, and the Sub-Administrator may, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, at the request of the Directors, the Sub-Administrator will make reports to the Directors concerning the performance of its obligations hereunder. Without limiting the generality of the forgoing, the Sub-Administrator will:
Accounting and Administrative Services. The Manager shall handle and be responsible for the obligations of the Company under Article 12 below, including the maintaining of the Company’s books of account, preparation of financial statements for the Company and preparation and filing of tax returns for the Company. The Manager shall not be compensated for its role as manager of the Company.
Accounting and Administrative Services. The Transfer Agent shall maintain the Fund's books and accounting records, prepare and file registration statements and other reports with the Securities and Exchange Commission and state regulatory authorities (other than legal services with respect to such statements, reports, and filings), tax returns, Trust filings, and similar statements, reports and filings.
Accounting and Administrative Services provide the daily management for the Corporation and the Operating Partnership and perform and supervise the various administrative functions reasonably necessary for the management of the Corporation and the Operating Partnership unless expressly provided for elsewhere in this Agreement, including, without limitation: (A) provide or arrange for administrative services and items, legal and other services, office space, office furnishings, personnel and other items necessary and incidental to the Corporation’s business and operations; (B) maintain accounting data and any other information requested concerning the activities of the Corporation and the Operating Partnership as shall be required to prepare and to file all periodic financial reports with the Securities and Exchange Commission and any other regulatory agency, including annual financial statements; (C) oversee tax and compliance services and risk management services and coordinate with appropriate third parties, including independent accountants and other consultants, on related tax matters; (D) consult with and assist the Board of Directors in evaluating and obtaining adequate insurance coverage based upon risk management determinations; (E) provide the Board of Directors with updates related to the overall regulatory environment affecting the Corporation and the Operating Partnership, as well as managing compliance with such matters; (F) consult with the Board of Directors with respect to the corporate governance structure and appropriate policies and procedures related thereto; (G) oversee all reporting, record keeping, internal controls and similar matters in a manner to allow the Corporation and the Operating Partnership to comply with applicable law, including the Xxxxxxxx-Xxxxx Act;
