Common use of Purposes of the Fund Clause in Contracts

Purposes of the Fund. The principal purposes of the Fund are as follows: to acquire, hold, sell and generally deal or invest in Securities; to exercise all rights, powers, privileges and other incidents of ownership or possession with respect to Securities held or owned by the Fund from time to time; and to engage in any business related thereto or useful in connection therewith.

Purposes of the Fund. The principal purposes of the Fund are as follows: to acquire, hold, sell and generally deal or invest in Securities; to exercise all rights, powers, privileges and other incidents of ownership or possession with respect to Securities held or owned by the Fund from time to time; and to engage in any business related thereto or useful in connection therewith. Subject to approval by the Board of Directors, the Fund may pursue its investment objective by investing substantially all of its assets in another investment fund that has the same investment objective and substantially the same investment policies as the Fund.