Common use of Repurchase of Fund Shares Clause in Contracts

Repurchase of Fund Shares. 5.1 Each Fund will from time to time offer to repurchase Shares from investors pursuant to written tenders on terms and conditions that the Board of Directors determines to be fair to the Fund and to all investors or persons holding Shares acquired from investors, or to one or more classes of investors, as applicable. When the Board of Directors determines that a Fund shall repurchase Shares, notice will be provided to investors describing the terms thereof, containing information investors should consider in deciding whether to participate in the repurchase opportunity and containing information on how to participate. 5.2 All payments by a Fund shall be made in the manner set forth in its Registration Statement.

Repurchase of Fund Shares. 5.1 Each The Fund will from time to time offer to repurchase Shares from investors pursuant to written tenders on terms and conditions that the Board of Directors Trustees determines to be fair to the Fund and to all investors or persons holding Shares acquired from investors, or to one or more classes of investors, as applicable. When the Board of Directors Trustees determines that a the Fund shall repurchase Shares, notice will be provided to investors describing the terms thereof, containing information investors should consider in deciding whether to participate in the repurchase opportunity and containing information on how to participate. 5.2 All payments by a the Fund shall be made in the manner set forth in its Registration Statement.