Class S Shares Clause Samples
The 'Class S Shares' clause defines a specific category of shares within a company's share capital, outlining the rights, privileges, and restrictions associated with this class. Typically, this clause will specify whether Class S Shares have special voting rights, dividend entitlements, or liquidation preferences compared to other share classes. For example, Class S Shares might be non-voting but entitled to a fixed dividend, or they may have conversion rights into another class of shares. The core function of this clause is to clearly delineate the unique features of Class S Shares, ensuring that both the company and shareholders understand the rights and obligations attached to these shares, thereby preventing disputes and providing clarity in corporate governance.
Class S Shares. Shares of the Company’s $0.01 par value common stock that have been designated as Class S.
Class S Shares. The up to 100,000,000 Class S Shares of common stock of the Company offered for sale pursuant to the Offering Memorandum. Code. Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto. Reference to any provision of the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable regulations as in effect from time to time.
Class S Shares. In no event may the aggregate annual fee paid to you pursuant to the Plan with respect to a Fund exceed .25% of the value of the net assets of the Class S Shares of such Fund (determined in the same manner as the Fund uses to compute its net assets as set forth in its then-effective Prospectus), without approval by a majority of the outstanding shares of the applicable Class.
Class S Shares. 0.15 of 1% As of the date of this Agreement, it is anticipated that any Administrative Services that are performed by Mercer for Class Y-3 Shares will be de minimis, and therefore, Class Y-3 Shares will not be charged any administrative fees.
Class S Shares. (Initials) Upfront Selling Commission of up to 3.5% of the transaction price per Class S share sold in the Primary Offering* By initialing here, the Dealer hereby agrees to the terms of the Agreement and this Schedule 1 with respect to the Class S shares. ________ (Initials) Distribution Fee of 0.85% (Annualized Rate) of aggregate NAV of outstanding Class S shares By initialing here, the Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule 1. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. ________ (Initials) Distribution Fee of 0.25% (Annualized Rate) of aggregate NAV of outstanding Class D shares By initialing here, the Dealer agrees to the terms of eligibility for the Distribution Fee set forth in this Schedule 1. Should the Dealer choose to opt out of this provision, it will not be eligible to receive the Distribution Fee and initialing is not necessary. The Dealer represents by its acceptance of each payment of the Distribution Fee that it complies with each of the above requirements. * Subject to discounts described in the “Plan of Distribution” section of the Prospectus. “DEALER MANAGER”ARES WEALTH MANAGEMENT SOLUTIONS, LLCBy: Name: Title: “DEALER” (Print Name of Dealer)By: Name: Title: NAME OF ISSUER: ARES REAL ESTATE INCOME TRUST INC. NAME OF DEALER: SCHEDULE 2 TO AGREEMENT DATED: Dealer hereby authorizes the Dealer Manager or its agent to deposit upfront selling commissions, dealer manager fees, distribution fees, reallowances and other payments due to it pursuant to the Selected Dealer Agreement in the manner specified below. This authority will remain in force until Dealer notifies the Dealer Manager in writing to cancel it. In the event that the Dealer Manager deposits funds erroneously into Dealer’s account, the Dealer Manager is authorized to debit the account with no prior notice to Dealer for an amount not to exceed the amount of the erroneous deposit.
Class S Shares. FUND LEGAL NAME FUND NUMBER CUSIP FUND GROUP NAME FUND TYPE DISTRIBUTION (RULE 12B-1) FEE BP PAYMENT CYCLE
Class S Shares. Class T Shares
Class S Shares. Participating Broker-Dealer will receive Selling Commissions in an amount of up to [3.0]% of the NAV per Class S Share on each Class S Share sold by Participating Broker-Dealer in the Primary Offering calculated after the close of business on the day the subscription agreement is accepted and confirmed by the Company, or if such day is not a business day, calculated after the close of business on the next business day. Participating Broker-Dealer has agreed to offer the following volume discounts to qualifying purchasers for Class S Shares (excluding DRIP Shares) as permitted by the terms of the Memorandum:
Class S Shares. Class S Shares" will be offered with no sales charges or transactions fees. Class S Shares will be subject to a Rule 12b-1 distribution fee of up to an annual rate of 0.50% and an ongoing shareholder servicing fee of up to an annual rate of 0.25 % of average daily net assets attributable to the Class S Shares. Class S Shares do not automatically convert into shares of any other class.
Class S Shares. Prior to the NAV Pricing Date, the per Share purchase price for Class S Shares will be discounted, and applicable Selling Commissions will be correspondingly reduced, as set forth in the table below. $2,500 to $999,999 3.5 % $ 10.35 1,000,000 to 3,999,999 2.5 10.25 4,000,000 to 4,999,999 1.5 10.15 5,000,000 and above 0.0 10.00