Payment in Kind. Subject to any generally applicable limitation imposed by the Trustees, any distribution on redemption may, if authorized by the Trustees, be made wholly or partly in kind, instead of in cash. Such distribution in kind shall be made by distributing investments constituting, in the opinion of the Trustees, a fair representation of the various types of securities then held by the Series or Class of Shares being redeemed (but not necessarily including a portion of each particular investment) and in each case having an aggregate value equal to the amount of cash instead of which such distribution in kind is made.
Appears in 7 contracts
Samples: Trust Agreement (Keystone Mid Cap Growth Fund S-3), Trust Agreement (Keystone Balanced Fund K-1), Trust Agreement (Keystone Growth & Income Fund S-1)
