Shareholder Accounts. At the Legacy Class B Share Conversion Effective Time described in Section 2.6A(d) below, each shareholder of record of Legacy Class B Shares of a Portfolio will receive that number of Class A Shares of such Portfolio having an aggregate net asset value equal to the net asset value of the Legacy Class B Shares of such Portfolio held by such shareholder immediately prior to the Legacy Class B Share Conversion Effective Time. Each Portfolio will establish an open account on its records in the name of each Legacy Class B Shareholder to which will be credited the respective number of Class A Shares of such Portfolio due to such shareholder. Fractional Legacy Class B Shares will be carried to the third decimal place. Certificates representing Class A Shares will not be issued. The net asset value of the Class A Shares and Legacy Class B Shares will be determined at the Legacy Class B Share Conversion Effective Time in accordance with the policies and procedures of the applicable Portfolio as set forth in its registration statement.
Appears in 33 contracts
Samples: Amended and Restated Agreement and Declaration of Trust (Aim Growth Series), Amendment No. 2 to Amended and Restated Agreement and Declaration of Trust (Aim Sector Funds), Amendment No. 2 to Amended and Restated Agreement and Declaration of Trust (Aim Treasurers Series Trust)
Shareholder Accounts. At the Legacy Class B Share Conversion Effective Time described in Section 2.6A(d2.6C(d) below, each shareholder of record of Legacy Class B Shares of a Portfolio will receive that number of Class A Shares of such Portfolio having an aggregate net asset value equal to the net asset value of the Legacy Class B Shares of such Portfolio held by such shareholder immediately prior to the Legacy Class B Share Conversion Effective Time. Each Portfolio will establish an open account on its records in the name of each Legacy Class B Shareholder to which will be credited the respective number of Class A Shares of such Portfolio due to such shareholder. Fractional Legacy Class B Shares will be carried to the third decimal place. Certificates representing Class A Shares will not be issued. The net asset value of the Class A Shares and Legacy Class B Shares will be determined at the Legacy Class B Share Conversion Effective Time in accordance with the policies and procedures of the applicable Portfolio as set forth in its registration statement.
Appears in 3 contracts
Samples: Second Amended and Restated Agreement and Declaration of Trust (Aim Counselor Series Trust), Second Amended and Restated Agreement and Declaration of Trust (Aim Counselor Series Trust), Second Amended and Restated Agreement and Declaration of Trust (Aim Counselor Series Trust)
