Conversion of Acquired Fund Common Shares. Subject to the terms and conditions contained herein, at the Effective Time, each Acquired Fund Common Share issued and outstanding immediately prior to the Effective Time will, by virtue of the Merger and without any action by the Acquired Fund, the Acquiring Fund, the holder of such share or any other person, be converted into and exchanged for one fully paid and nonassessable share of Acquiring Fund Common Stock and each fractional Acquired Fund Common Share issued and outstanding immediately prior to the Effective Time will likewise be converted into an equivalent fractional share of Acquired Fund Common Stock.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Pioneer Municipal High Income Advantage Fund, Inc.), Agreement and Plan of Merger (Pioneer Floating Rate Fund, Inc.), Agreement and Plan of Merger (Pioneer Municipal High Income Fund, Inc.)
