INITIAL SHARE. Prior to the Closing, the Successor Fund will issue one Institutional Class share of beneficial interest of the Successor Fund (the “Initial Share”) to Touchstone or one of its affiliates (the “Sole Shareholder”) in exchange for $1.00 for the sole purpose of allowing the Sole Shareholder to approve certain matters to facilitate the organization of the Successor Fund. The Initial Share shall be redeemed and cancelled by the Successor Fund in exchange for $1.00 prior to the Closing.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Touchstone Investment Trust), Agreement and Plan of Reorganization (Touchstone Investment Trust), Agreement and Plan of Reorganization (Touchstone Tax Free Trust)
INITIAL SHARE. Prior to the Closing, the Successor Fund will issue one Institutional Class I share of beneficial interest of the Successor Fund (the “Initial Share”) to Touchstone the Adviser or one of its affiliates (the “Sole Shareholder”) in exchange for $1.00 for the sole purpose of allowing the Sole Shareholder to approve certain matters to facilitate the organization of the Successor Fund. The Prior to the Closing, the Initial Share shall will be redeemed and cancelled by the Successor Fund in exchange for $1.00 prior to the Closing1.00.
Appears in 1 contract
Samples: Form of Agreement and Plan of Reorganization (RMB Investors Trust)
INITIAL SHARE. Prior to the Closing, the Successor Fund will issue one Institutional Class share of beneficial interest of the Successor Fund (the “Initial Share”) to Touchstone the Adviser or one of its affiliates (the “Sole Shareholder”) in exchange for $1.00 10.00 for the sole purpose of allowing the Sole Shareholder to approve certain matters to facilitate the organization of the Successor Fund. The Prior to the Closing, the Initial Share shall will be redeemed and cancelled by the Successor Fund in exchange for $1.00 prior to the Closing10.00.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Hotchkis & Wiley Funds /De/)
