December 15 Taxation Year End. The Manager may make an election under the Tax Act to have a Fund’s taxation year end on December 15, if the Fund is not a Money Market Fund and is eligible for the election. Where such an election has been made with respect to a Fund, the following provisions apply, for the purposes of this Article, with respect to each calendar year in which the Fund’s taxation year ends on December 15 (and paragraph (a) applies for the first subsequent year, if any, in which the Fund’s taxation year ends on December 31):
Appears in 7 contracts
Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement
