Common use of DISTRIBUTE DIVIDENDS AND CAPITAL GAINS Clause in Contracts

DISTRIBUTE DIVIDENDS AND CAPITAL GAINS. 1. Process dividend payments, including the purchase of new shares, through dividend reimbursement. 2. Prepare and mail or credit income and capital gain payments to shareholders. 3. On or before the payment date of any dividend or distribution, notify the Custodian of the estimated amount required to pay any portion of said dividend or distribution which is payable in cash. 4. Make appropriate credits to shareholder accounts, where required. 5. Withhold applicable taxes.

DISTRIBUTE DIVIDENDS AND CAPITAL GAINS. 1. Process dividend payments, including the purchase of new shares, through dividend reimbursement. 2. Prepare and mail or credit income and capital gain payments to shareholders. 3. On or before the payment date of any dividend or distribution, notify the Custodian Company's bank of the estimated amount required to pay any portion of said dividend or distribution which is payable in cash. 4. Make appropriate credits to shareholder accounts, where required. 5. Withhold applicable taxes.