Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. The Prohibited Owner shall have no rights in the shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares or other property held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the shares held in the Charitable Trust.
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Samples: Agreement and Declaration of Trust (Overstreet Adrian Marcel), Trust Agreement (RMR Dividend Capture Fund), Agreement and Declaration of Trust (RMR Asia Real Estate Fund)
Status of Shares Held by the Charitable Trustee. Equity Shares held by the Charitable Trustee shall be issued and outstanding Equity Shares of the Trust. The Prohibited Owner shall have no rights in the shares Shares held by the Charitable Trustee. The Prohibited Owner shall not benefit economically from ownership of any shares Shares or other property held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the shares Shares held in the Charitable Trust.
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