Common use of Dividend Calculations Clause in Contracts

Dividend Calculations. Periodic dividends based on book income Calculate periodic dividends to be declared in accordance with management guidelines - Calculate dividend projections, if applicable, in accordance with client methodology, including multiple class allocations - Provide dividend calculation worksheets - Coordinate notification with fund accounting and transfer agent - Reconcile dividends declared with amount recorded - Report dividend information to the Board of Directors - Tax-adjusted dividends Maintain "book-to-tax" adjustment records - Identify book-tax accounting differences - Track required information related to accounting differences - Consult and coordinate tax positions taken with auditors and management Income tax distribution requirements - Calculate spillback dividend requirements 60 day notice requirements - Calculate and include in financial statements: dividend received deduction, foreign tax credit, long term capital gain, exempt income percentage and QDI Excise tax distribution requirements - Calculate required distributions to avoid imposition of excise tax penalty - Project ordinary income from calculated date to 12/31 - Ascertain dividend shares