Exchange and Conversion Privilege. The Trustees shall have the authority to provide from time to time that the holders of Shares of any Class shall have the right to convert or exchange said Shares for or into Shares of one or more other Classes or classes of other registered investment companies affiliated with the Trust in accordance with such requirements and procedures as may be established by the Trustees from time to time and, when applicable, in accordance with the 1940 Act. The Trustees shall have the authority to establish procedures and requirements, in accordance with the 1940 Act, if applicable, and disclosed to Shareholders, that provide for the automatic conversion of Shares of any Class for or into Shares of one or more other Classes of the Trust at their respective net asset values to facilitate the auction process for Shares on the NASDAQ Private Market Alternatives Platform.
Appears in 6 contracts
Samples: Wilshire Private (Wilshire Private Assets Fund), Agreement and Declaration (Wilshire Private Assets Tender Fund), Agreement and Declaration of Trust (Delaware Wilshire Private Markets Fund)
