Recommendations Regarding Reviews. From time to time and not less than quarterly, the Adviser must review the Fund’s accounts to determine whether cash distributions are appropriate. The Fund may, subject to authorization by the Board of Trustees, distribute pro rata to the shareholders funds received by the Fund which the Adviser deems unnecessary to retain in the Fund.
Appears in 2 contracts
Samples: Investment Advisory And (FS Energy & Power Fund), Administrative Services Agreement (FS Energy & Power Fund)
Recommendations Regarding Reviews. From time to time and not less than quarterly, the Adviser must review the Fund’s accounts to determine whether cash distributions are appropriate. The Fund may, subject to authorization by the Board of TrusteesBoard, distribute pro rata to the shareholders any funds received by the Fund which the Adviser deems unnecessary to retain in the Fund.
Appears in 1 contract
Samples: Investment Advisory and Administrative Services Agreement (FS Energy & Power Fund)
Recommendations Regarding Reviews. From time to time and not less than quarterly, the Adviser must review the Fund’s accounts to determine whether cash distributions are appropriate. The Fund may, subject to authorization by the Board of TrusteesBoard, distribute pro rata to the shareholders stockholders funds received by the Fund which the Adviser deems unnecessary to retain in the Fund.
Appears in 1 contract
Samples: Administrative Services Agreement (Direct Lending Income Fund)
Recommendations Regarding Reviews. From time to time and not less than quarterly, the Adviser must review the Fund’s accounts to determine whether cash distributions are appropriate. The Fund may, subject to authorization by the Board of TrusteesBoard, distribute pro rata to the shareholders funds received by the Fund which the Adviser deems unnecessary to retain in the Fund.
Appears in 1 contract
Samples: Investment Advisory (VII Peaks Co-Optivist Income Fund)
