Liquidation and Dissolution of the Acquired Fund. a. As soon as practicable after the Valuation Date, the Strategist Corporation will liquidate the Acquired Fund and distribute Class A shares of the Acquiring Fund to the Acquired Fund's shareholders of record. The Acquiring Fund will establish shareholder accounts in the names of each Acquired Fund shareholder, representing the respective pro rata number of full and fractional shares of the Acquiring Fund due to each shareholder. All issued and outstanding shares of the Acquired Fund will simultaneously be cancelled on the books of the Strategist Corporation. Shareholder accounts will be established by the Acquiring Fund or its transfer agent in accordance with instructions from the Strategist Corporation.
Appears in 17 contracts
Samples: Agreement and Plan of Reorganization (Axp New Dimensions Fund Inc /Mn/), Agreement and Plan of Reorganization (Axp Growth Fund Inc), Agreement and Plan of Reorganization (Ids Selective Fund Inc)
