Description of Administration Services on a Continuous Basis. (a) PNC will perform the following administration services with respect to each Portfolio:
(i) Prepare quarterly broker security transactions summaries;
(ii) Prepare monthly security transaction listings;
(iii) Supply, in the form requested, various customary Portfolio and Fund statistical data on an ongoing basis;
(iv) Prepare and ensure the filing of the Funds’ annual and semi-annual reports with the SEC on Forms N-SAR and N-CSR and the Fund’s quarterly reports with the SEC on Form N-Q;
(v) If mutually agreed by PNC and VP Distributors in writing, prepare (or assist in the preparation of) and ensure the filing of (or coordinate filing of, as may be mutually agreed) such other reports with the SEC as may be required by the SEC and that would be primarily fulfilled using books and records maintained by PNC under the terms of this Agreement;
(vi) Assist in the preparation of registration statements and other filings relating to the registration of Shares;
(vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended (“Sub-Chapter M”);
(viii) Coordinate contractual relationships and communications between the Funds and their contractual service providers;
(ix) Prepare expense budgets, accrual review and expense reports as needed;
(x) Provide read-only on-line access to accounting system as requested;
(xi) Provide electronic transmissions of holdings, transactions, security master, general ledger, NAV, security pricing data, and cash activity as specified;
(xii) Coordinate printing and mailing of annual and semi-annual financial statements;
(xiii) Prepare reports for Fund Boards and attend Board meetings when and as requested;
(xiv) Prepare, execute, and file each Portfolio’s Federal and state tax returns, including closed funds, and appropriate extensions after review and approval by the Fund’s independent registered public accounting firm;
(xv) Prepare, execute, and file each Portfolio’s federal excise returns (Form 8613) after review and approval by the Fund’s independent registered public accounting firm;
(xvi) Prepare annual tax provisions and financial tax disclosures;
(xvii) Prepare tax cost for semi-annual and Form N-Q filings updated for current year-to-date wash sales and prior year known Schedule M adjustments;
(xviii) Prepare dividend calculations, including accompanying analysis and earnings summary in accordance with applicable policy (as such policy is provided in wr...
Description of Administration Services on a Continuous Basis. The Administrator will perform the following administration services with respect to the Portfolio:
(i) Prepare quarterly broker security transactions summaries;
(ii) Prepare monthly security transaction listings;
(iii) Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis;
(iv) Prepare for execution and file the Fund’s Federal and state tax returns;
(v) Prepare and file the Fund’s Semi-Annual Reports with the SEC on Form N-SAR;
(vi) Prepare and file with the SEC the Fund’s annual, semi-annual, and quarterly shareholder reports;
(vii) Assist in the preparation of registration statements and other filings relating to the registration of Shares;
(viii) Monitor the Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended;
(ix) Coordinate contractual relationships and communications between the Fund and its contractual service providers; and
(x) Monitor the Fund’s compliance with the amounts and conditions of each state qualification.
Description of Administration Services on a Continuous Basis. PFPC will perform the following administration services:
(i) Prepare quarterly broker security transactions summaries including principal and agency transactions and related commissions;
(ii) Prepare monthly security transaction listings;
(iii) Supply various normal and customary Fund statistical data as requested on an ongoing basis;
(iv) Provide to the extent contained in accounting records materials required for board reporting as may be requested from time to time;
(v) Prepare for execution and file the Fund's Federal Form 1065 and state tax returns;
(vi) Prepare and file the Fund's Annual and Semi-Annual Reports with the SEC on Form N-SAR via XXXXX;
(vii) Prepare and coordinate the services of the Fund's printer for the printing of and filing with the SEC via XXXXX the Fund's annual and semi-annual shareholder reports;
(viii) Assist in the preparation of registration statements;
(ix) Transmit or otherwise send, to the extent practicable and feasible, requested detailed information related to the Members, including admission details, income, capital gains and losses, and performance detail;
(x) Mail Fund offering materials to prospective investors; and
(xi) Mail quarterly reports of the Manager and Semi-Annual Financial Statements to investors as well as any other necessary correspondence.
Description of Administration Services on a Continuous Basis. The Sub-Administrator will perform the following administration services if required by the Administrator with respect to each Fund:
(i) Supply various normal and customary Fund statistical data as requested on an ongoing basis;
(ii) Prepare the Fund’s annual and semi-annual shareholder reports;
(iii) Prepare and file (or coordinate the filing of) semi-annual reports on Form N-SAR for each Fund that is registered under the 1940 Act;
(iv) Assist in the preparation of financial information for amendments to the Fund’s Registration Statement and other filings relating to the registration of Interests for each Fund that is registered under the 1940 Act;
(v) Prepare monthly expense budgets in accordance with Fund management specifications;
(vi) Provide sub-certifications with respect to information provided by and work performed by PNC in connection with the Fund’s Form N-CSR and Form N-Q filings;
(vii) Provide compliance support services to the Fund as follows:
a. Provide back-end, quantitative compliance testing as mutually agreed by the parties from time to time;
b. Research and report compliance exceptions to such person as the Administrator directs; and
c. Collect and report to the Administrator and the Governing Board on a quarterly basis information related to transactions reportable under the 1940 Act and the Fund’s procedures.
(viii) Provide the Fund accounting and financial reports in connection with quarterly meetings of the Governing Board as are required or as the Governing Board may reasonably request; and
(ix) Perform such additional administrative duties relating to the administration of the Fund upon terms and conditions and for such fees as may subsequently be agreed upon in writing between the parties.
Description of Administration Services on a Continuous Basis. BNY Mellon will perform the following administration services with respect to the Fund:
(i) Prepare quarterly broker security transactions summaries;
(ii) Prepare monthly security transaction listings;
(iii) Supply various normal and customary Fund statistical data as requested on an ongoing basis;
(iv) Prepare the Fund's annual and semi-annual shareholder reports;
(v) If the chief executive officer or chief financial officer of the Fund is required to provide a certification as part of the Fund's Form N-Q or Form N-CSR filing pursuant to regulations promulgated by the Securities and Exchange Commission under Section 302 of the Sarbanes-Oxley Axx xx 0000, XXY Mellon will provide (to such person or entity as agreed between the Fund and BNY Mellon) a sub-certification in support of certain matters set forth in the aforementioned certification, such sub-certification to be in such form and relating to such matters as agreed between the Fund and BNY Mellon from time to time. BNY Mellon shall be required to provide the sub-certification only during the term of the Agreement and only if it receives such cooperation as it may request to perform its investigations with respect to the sub-certification. For clarity, the sub-certification is not itself a certification under the Sarbanes-Oxley Axx xx 0000 xx under any other regulatory requirement;
(vi) Supply supporting tax documentation and calculations, including but not limited to, wash sales reporting and qualified covered call analysis;
(vii) Assist the Fund in the handling of SEC examinations and responses thereto; and
(viii) Such other regulatory services as the parties hereto may from time to time agree upon in writing.
Description of Administration Services on a Continuous Basis. Maintain accurate and complete calendars for the Board of Trustees of the Trust and regulatory filings; • Prepare for filing with the U.S. Securities and Exchange Commission (“SEC”) the following documents, as applicable: Form N-CEN, Form N-CSR, Form N-PORT, Form N-PX, Form N-MFP, Form N-CR and Form N-RN and all amendments to the Registration Statements, including annual updates of the Prospectus(es) and SAI(s) for the Funds and any supplements thereto; • Supply various normal and customary Fund and Trust statistical data as requested on an ongoing basis; • Prepare and coordinate the filing of Rule 24f-2 notices, including coordination of related payment, if necessary; • Support Fund counsel with the preparation of notices of Special Meeting of Shareholders and filing with the SEC of proxy or information statements; • Attend and assist in the conduct of shareholder meetings and prepare scripts for and minutes of such meetings; • Advise and consult with the Adviser on matters pertaining to new fund launches or new share classes, and assist with the deregistration of a Fund/class when applicable; • Prepare and review with Fund counsel and the Adviser the agenda, resolutions and notices and coordinate the assembly and distribution of electronic board materials for all requested Board of Trustees of the Trust and associated committee meetings, attend meetings as appropriate or requested, prepare minutes for the Board of Trustees of the Trust and committee meetings; • Report to the Board of Trustees of the Trust quarterly regarding the Administrator’s activities on behalf of the Trust; • Maintain copies of the Trust’s Trust Instrument and By-Laws; • Maintain certain books and records of the Funds as required under Rule 31a-1 of the 1940 Act and appropriate documentation as reasonably requested by the Trust in connection with the Trust’s recordkeeping obligations required by Rule 31a-4 under the 1940 Act and comply with SEC requirements in advance of and during examinations; • Assist the Funds in the production of documentation for routine regulatory examinations of the Funds relative to Board of Trustees of the Trust and/or committee meetings and filings described herein and work closely with the Funds’ legal counsel in response to any non-routine regulatory matters; • As requested, coordinate with insurance providers, including solicitation of bids for trustees & officers/errors & omissions insurance and fidelity bond coverage, monitor assets to ensure adequat...
Description of Administration Services on a Continuous Basis. Highland will perform the following administration services:
(i) Prepare monthly security transaction listings;
(ii) Supply various normal and customary portfolio and Fund statistical data as requested on an ongoing basis;
(iii) Prepare for execution and file the Fund's Federal and state tax returns: prepare a fiscal tax provision in coordination with the annual audit; prepare an excise tax provision; and prepare all relevant 1099 calculations;
(iv) Coordinate contractual relationships and communications between the Fund and its contractual service providers;
(v) Coordinate printing of the Fund's annual and semi-annual shareholder reports;
(vi) Prepare income and capital gain distributions;
(vii) Prepare the semiannual and annual financial statements;
(viii) Monitor the Fund's compliance with IRC, SEC and prospectus requirements;
(ix) Prepare, coordinate with the Fund's counsel and coordinate the filing with the SEC: Post-Effective Amendments to the Fund's Registration Statement and supplements to or revisions of the Fund's prospectus and statement of additional information; Quarterly Repurchase Offer Filings on Form N-23c-3; semi-annual reports on Form N-SAR and Form N-CSR; Form N-Q; and Form N-PX based upon information provided by the Fund;
(x) Assist in the preparation of notices of meetings of shareholders;
(xi) Assist in obtaining the fidelity bond and trustees' and officers'/errors and omissions insurance policies for the Fund in accordance with the requirements of Rule 17g-1 and 17d-1(d)(7) under the 1940 Act as such bond and policies are approved by the Fund's Board of Trustees;
(xii) Monitor the Fund's assets to assure adequate fidelity bond coverage is maintained;
(xiii) Draft agendas and resolutions for quarterly and special board meetings;
(xiv) Coordinate the preparation, assembly and mailing of board materials;
(xv) Attend board meetings and draft minutes thereof;
(xvi) Maintain the Fund's corporate calendar to assure compliance with various filing and board approval deadlines;
(xvii) Assist the Fund in the handling of SEC examinations and responses thereto; and
(xviii) Perform such additional administrative duties relating to the administration of the Fund as may subsequently be agreed upon in writing between the Fund and Highland.
Description of Administration Services on a Continuous Basis. The Administrator will perform the following administration services:
(i) Prepare and file the Fund's Annual and Semi-Annual Reports with the SEC on Form N-SAR via XXXXX;
(ii) Coordinate with the adviser the preparation and printing of the Fund's annual and semi-annual investor reports and the preparation and filing of the Fund's annual and semi-annual Certified Shareholder Reports on Form N-CSR via XXXXX;
(iii) Provide such fund accounting and financial reports in connection with quarterly meetings of the Board of Trustees as are required or as the Board may reasonably request;
(iv) Manage the tender offer process, including coordinating with outside service provider to distribute tender offers, track investor responses and tabulate tender offer results;
(v) Coordinate with the Fund's counsel on drafting, reviewing and filing registration statements and tender offers, and coordinate printing and delivery of prospectuses (or other applicable documents) and tender offers;
(vi) Assist the Fund in handling and responding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and coordinate with the Fund's legal counsel in responding to any non-routine regulatory matters with respect to such matters;
(vii) Coordinate as necessary the registration or qualification of Interests of the Fund with appropriate state securities authorities; and
(viii) Perform such additional administrative duties relating to the administration of the Fund as may subsequently be agreed upon in writing between the Fund and the Administrator.
Description of Administration Services on a Continuous Basis. PFPC will perform the following administration services with respect to the Fund:
(i) Prepare quarterly broker security transactions summaries;
(ii) Prepare monthly security transaction listings;
(iii) Supply various normal and customary Fund statis- tical data as requested on an ongoing basis;
(iv) Prepare for execution and file the Fund's Fed- eral income, Federal excise and state tax re- turns;
(v) Prepare and file with the SEC the Fund's Semi- Annual Reports on Form N-SAR and the Fund's Rule 24f-2 Notices;
(vi) Assist in the preparation and coordinate the production and filing of the Fund's annual, semi-annual, and quarterly shareholder reports.
(vii) Assist in the preparation of registration state- ments and other filings relating to the regis- tration of Shares;
(viii) Monitor the Fund's status as a regulated invest- ment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended;
(ix) Coordinate contractual relationships and commu- nications between the Fund and its contractual service providers;
(x) Monitor the Fund's compliance with the amounts and conditions of each state qualification; and
(xi) Prepare minutes of meetings of Board of Direc- tors and shareholders.
Description of Administration Services on a Continuous Basis. The Administrator will perform the following administration services with respect to each Portfolio:
(i) Prepare quarterly broker security transactions summaries;
(ii) Prepare monthly security transaction listings;
(iii) Supply various normal and customary Portfolio and Fund statistical data as requested on an ongoing basis;
(iv) Prepare for execution and filing the Fund’s Federal and state tax returns;
(v) Prepare and file the Fund’s semi-annual reports with the SEC on Form N-SAR;
(vi) Prepare the Fund’s annual, semi-annual, and quarterly shareholder reports;
(vii) Monitor each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended; and
