Common use of Shareholder Transactions Clause in Contracts

Shareholder Transactions. (i) Process shareholder purchase and redemption orders in accordance with conditions set forth in the Trust's prospectus. (ii) Set up account information, including address, dividend option, taxpayer identification numbers and wire instructions. (iii) Issue confirmations in compliance with Rule 10b-10 under the Securities Exchange Act of 1934, as amended (the "1934 Act"). (iv) Issue periodic statements for shareholders. (v) Process transfers and exchanges. (vi) Act as a service agent and process dividend payments, including the purchase of new shares, through dividend reimbursement. (vii) Record the issuance of shares and maintain pursuant to Rule 17Ad-10(e) of the 1934 Act a record of the total number of shares of each Portfolio which are authorized, based upon data provided to it by the Trust, and issued and outstanding. (viii) Perform such services as are required to comply with Rules 17a-24 and 17Ad-17 of the 1934 Act (the "Lost Shareholder Rules"). (ix) Perform such shareholder identity verification procedures and tests as may be required under the Trust's Anti-Money Laundering Policy (in this regard, Ultimus hereby accepts delegation of responsibility for acting as an agent of the Trust under the Trust's Anti-Money Laundering Policy to carry out the requirements of such Policy on behalf of, and at the direction of, the Trust). (x) Administer and/or perform all other customary services of a transfer agent.