Common use of Payment of Dividends by the Transfer Agent Clause in Contracts

Payment of Dividends by the Transfer Agent. The Transfer Agent will, on the designated payment date, automatically reinvest all dividends in additional Shares at net asset value (as determined on the payment date) and mail to each Shareholder at his address of record, or such other address as the Shareholder may have designated, a statement showing the number of full and fractional Shares (rounded to three decimal places) then currently owned by the Shareholder and the net asset value of the Shares credited to the Shareholder's account in payment of the dividend or distribution.

Payment of Dividends by the Transfer Agent. The Transfer Agent will, on the designated payment date, automatically reinvest all dividends in additional Shares at net asset value (as determined on the payment such date) ), and mail to each Shareholder shareholder on a monthly basis at his address of record, or such other address as the Shareholder shareholder may have designated, a statement showing the number of full and fractional Shares (rounded to three decimal places) then currently owned by the Shareholder shareholder and the net asset value of the Shares so credited to the Shareholdershareholder's account in payment of the dividend or distributionaccount.

Payment of Dividends by the Transfer Agent. The Transfer Agent will, on the designated payment date, automatically reinvest all dividends in additional Shares at net asset value (as determined on the payment such date) ), and mail to each Shareholder shareholder on a monthly basis at his address of record, or such other address as the Shareholder may shareholder nay have designated, a statement showing the number of full and fractional Shares (rounded to three decimal places) then currently owned by the Shareholder shareholder and the net asset value of the Shares so credited to the Shareholdershareholder's account in payment of the dividend or distributionaccount.