Net Asset Value; Net Income. The net asset value per Share of each Class of the Trust is the total value of Trust assets attributable to Shares of that Class minus the liabilities attributable to that Class, divided by the total number of Shares outstanding for that Class or, if there are no Classes, the net asset value per share of the Trust is the total value of Trust assets minus the Trust’s liabilities, divided by the total number of Shares outstanding, in each case, as determined in accordance with the methods and procedures, including those with respect to rounding, and timing established by the Trustees from time to time in accordance with applicable provisions of the 1940 Act. Subject to applicable provisions of the 1940 Act, the Trustees may delegate any of their powers and duties with respect to the valuation of assets and the determination of net asset value per Share to one or more Trustees or officers of the Trust or to an Investment Adviser, administrator, custodian or other agent appointed for such purpose.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust (Manulife Private Credit Fund), Agreement and Declaration of Trust (Manulife Private Credit Fund), Amended and Restated Agreement and Declaration of Trust (John Hancock GA Senior Loan Trust)
Net Asset Value; Net Income. The net asset value per Share of each Class of the Trust Fund is the total value of Trust Fund assets attributable to Shares of that Class minus the liabilities attributable to that Class, divided by the total number of Shares outstanding for that Class or, if there are no Classes, the net asset value per share of the Trust Fund is the total value of Trust Fund assets minus the TrustFund’s liabilities, divided by the total number of Shares outstanding, in each case, as determined in accordance with the methods and procedures, including those with respect to rounding, and timing established by the Trustees from time to time in accordance with applicable provisions of the 1940 Act. Subject to applicable provisions of the 1940 Act, the Trustees may delegate any of their powers and duties with respect to the valuation of assets and the determination of net asset value per Share to one or more Trustees or officers of the Trust Fund or to an Investment Adviser, administrator, custodian or other agent appointed for such purpose.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Hedge Fund Guided Portfolio Solution), Agreement and Declaration of Trust (Thrivent Church Loan & Income Fund), Agreement and Declaration of Trust (Hedge Fund Guided Portfolio Solution)
