Establishment and Designation of Series or Class. (a) The establishment and designation of any Series or Class thereof shall be effective upon the adoption by a majority of the then Trustees of a resolution that sets forth such establishment and designation and the relative rights and preferences of such Series or Class, whether directly in such resolution or by reference to another document including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution. (b) Shares of each Series or Class established pursuant to this Article II, unless otherwise provided in the resolution establishing such Series or Class, shall have the following relative rights and preferences:
Appears in 9 contracts
Samples: Trust Agreement (Bexil Investment Trust), Agreement and Declaration of Trust (Dividend & Income Fund), Agreement and Declaration of Trust (Dividend & Income Fund)
Establishment and Designation of Series or Class. (a) The establishment and designation of any Series or Class thereof of Shares of the Trust shall be effective upon the adoption by a majority of the then Trustees of a resolution that sets forth such establishment and designation and the relative rights and preferences of such Series or ClassClass of the Trust, whether directly in such resolution or by reference to another document including, without limitation, any registration statement of the Trust, or as otherwise provided in such resolution.
(b) Shares of each Series or Class of the Trust established pursuant to this Article IIIII, unless otherwise provided in the resolution establishing such Series or Class, shall have the following relative rights and preferences:
Appears in 4 contracts
Samples: Amended and Restated Agreement and Declaration of Trust (DCA Total Return Fund), Agreement and Declaration of Trust (Dividend Capital Enhanced Income Fund), Agreement and Declaration of Trust (Dividend Capital Realty Income Allocation Fund)
