Common use of Income Distributions Clause in Contracts

Income Distributions. CIS Portfolios may earn interest and dividends from the underlying assets. This is declared as an income distribution if the interest and dividends exceed the CIS Portfolio’s total expenses. If the total expenses are more than the income earned, the CIS Portfolio will not make a distribution. The distribution can be monthly, quarterly, bi-annually or annually depending on the CIS Portfolio you have selected. Please refer to the relevant Portfolio Supplement(s) for any Portfolio specific information with regards to income distributions.