Common use of Stock Limits Clause in Contracts

Stock Limits. No more than 10% of the portfolio may be invested in unaffiliated common stock. · Preferred stock and hybrids o The Company may invest in preferred shares and hybrid securities of solvent institutions in the U.S. and Canada that are either rated NAIC 1-2 or the net earnings available for fixed charges and preferred dividends of the issuing corporation has been for each of the five fiscal years immediately preceding the date of acquisition, not less than 1.5 times the sum of the annual fixed charges and the contingent interest, if any, and the annual preferred dividend requirements as of the date of acquisition; or at the date of acquisition the preferred stock is investment grade as defined by the Commissioner by rule. o No more than 2% of the portfolio may be invested in the preferred stock of an unaffiliated single issuer. · Common stock · No more than 0.5% of the portfolio may be invested in the common stock of an unaffiliated single issuer. · No more than 4% of the portfolio may be invested in common stock that is not listed on a foreign or U.S. securities exchange.

Stock Limits. No more than 10% of the portfolio may be invested in unaffiliated common stock. · • Preferred stock and hybrids o • The Company may invest in preferred shares and hybrid securities of solvent institutions in the U.S. and Canada that are either rated NAIC 1-2 or the net earnings available for fixed charges and preferred dividends of the issuing corporation has been for each of the five fiscal years immediately preceding the date of acquisition, not less than 1.5 times the sum of the annual fixed charges and the contingent interest, if any, and the annual preferred dividend requirements as of the date of acquisition; or at the date of acquisition the preferred stock is investment grade as defined by the Commissioner by rule. o • No more than 2% of the portfolio may be invested in the preferred stock of an unaffiliated single issuer. · • Common stock · • No more than 0.5% of the portfolio may be invested in the common stock of an unaffiliated single issuer. · • No more than 4% of the portfolio may be invested in common stock that is not listed on a foreign or U.S. securities exchange.

Stock Limits. No more than 10% of the portfolio may be invested in unaffiliated common stock. · • Preferred stock and hybrids o The Company may invest in preferred shares and hybrid securities of solvent institutions in the U.S. and Canada that are either rated NAIC 1-2 or the net earnings available for fixed charges and preferred dividends of the issuing corporation has been for each of the five fiscal years immediately preceding the date of acquisition, not less than 1.5 times the sum of the annual fixed charges and the contingent interest, if any, and the annual preferred dividend requirements as of the date of acquisition; or at the date of acquisition the preferred stock is investment grade as defined by the Commissioner by rule. o No more than 2% of the portfolio may be invested in the preferred stock of an unaffiliated single issuer. · • Common stock · • No more than 0.5% of the portfolio may be invested in the common stock of an unaffiliated single issuer. · • No more than 4% of the portfolio may be invested in common stock that is not listed on a foreign or U.S. securities exchange.