Redemption or Repurchase Price. Shares shall be redeemed or repurchased at their net asset value determined as set forth in Section 8.5 hereof as of such time as the Trustees shall have theretofore prescribed, less such fees and/or charges, if any, as may be established by the Trustees from time to time.
Redemption or Repurchase Price. Shares shall be redeemed or repurchased at their net asset value determined hereof as of such time as the Trustees shall have theretofore prescribed, less such fees and/or charges, if any, as may be established by the Trustees from time to time. The Trustees shall cause the Net Asset Value of Shares of the Trust to be determined from time to time in a manner consistent with applicable laws and regulations. The Trustees may delegate the power and duty to determine Net Asset Value per Share to one or more Trustees or officers of the Trust or to a custodian, depository or other agent appointed for such purpose. The Net Asset Value of Shares shall be determined for the Trust at such times as may be prescribed by the Trustees or, in the absence of action by the Trustees, as of the close of trading on the New York Stock Exchange on the last business day of each week. The Net Asset Value is calculated by dividing the value of the net assets of the Fund (i.e., the value of its Total Assets less total liabilities) by the total number of outstanding Shares of the Fund, generally rounded to the nearest cent.
