Common use of Dividends/Interest and Distributions Clause in Contracts

Dividends/Interest and Distributions. Generally, all mutual fund dividends received will be reinvested, unless Sponsor and you agree to have such income deposited into another Ameriprise account or distributed directly to you. Equity dividends cannot be reinvested; they will be deposited into your Sweep Program. When investing in an Active Diversified Yield portfolio, all dividends will be deposited into your Sweep Program. If you do not direct

Appears in 4 contracts

Samples: Active Portfolios Client Agreement, Active Portfolios Client Agreement, Active Portfolios Client Agreement

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Dividends/Interest and Distributions. Generally, all mutual fund dividends received will be reinvested, unless Sponsor and you agree to have such income deposited into another Ameriprise account or distributed directly to you. Equity dividends cannot be reinvested; they will be deposited into your Sweep Program. When investing in an Active Diversified Yield portfolio, all dividends will be deposited into your Sweep Program. If you do not directdirect Sponsor to distribute the dividends to another account the dividends will be reinvested at the direction of Envestnet and/or the Envestnet Managers.

Appears in 1 contract

Samples: Ameriprise Access Account Client Agreement

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