Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for Additional Common Shares at the rate of one 1 Common Share for each three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares to subscribe and pay the Subscription Price for one full Common Share 2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of Additional Common Shares after the initial allocation thereof. 2.3 Except as otherwise indicated to the Agent by the Company in writing, all Common Shares delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 3 contracts
Samples: Subscription and Information Agent Agreement, Subscription and Information Agent Agreement (Cushing Renaissance Fund), Subscription and Information Agent Agreement (Cushing Renaissance Fund)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Shares Stock at the rate of one 1 Common Share share for each every three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares Rights to subscribe and pay the Subscription Price for one full share of Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all Common Shares Stock delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 2 contracts
Samples: Subscription Agent Agreement (Liberty All Star Growth Fund Inc.), Subscription Agent Agreement (Reaves Utility Income Fund)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the Additional Common Shares at the rate of one 1 Common Share (1) share for each three seven (37) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder . The number of holder Rights that are issued to holders of Common Shares at of record on the Record Date who holds fewer than three will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven (3) Common Shares to subscribe and pay the Subscription Price for one full Common Share7).
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Additional Common Shares delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares issued hereunder is are to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 2 contracts
Samples: Subscription Agent Agreement (Gabelli Utility Trust), Subscription Agent Agreement (Gabelli Utility Trust)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Shares at the rate of one 1 (1) Additional Common Share for each three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares 3 Rights to subscribe for and pay the Subscription Price for one full share of the Common ShareShares.
2.2 If subscribing shareholders Shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders Shareholders of the Additional Common Shares after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Common Shares delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares issued hereunder is are to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholdersShareholders, certificate numbers (if applicable) and share amounts for such affected shareholdersShareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Aberdeen Income Credit Strategies Fund)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the Additional Common Shares at the rate of one 1 Common Share (1) share for each three 4 (34) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder . The number of holder Rights that are issued to holders of Common Shares at of record on the Record Date who holds fewer than three will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by four (3) Common Shares to subscribe and pay the Subscription Price for one full Common Share4).
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Additional Common Shares delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares issued hereunder is are to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Global Utility & Income Trust)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Shares Stock at the rate of one 1 Common Share (1) share for each three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares Rights to subscribe and pay the Subscription Price for one full share of Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all Common Shares Stock delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Center Coast MLP & Infrastructure Fund)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Shares Stock at the rate of one 1 Common Share ____ share(s) for each three (3) Rights Right (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares ____ Rights to subscribe for and pay the Subscription Price for one full share of the Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Additional Common Shares Stock delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Barnes & Noble Education, Inc.)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Shares at the rate of one 1 (1) Additional Common Share for each three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares Rights to subscribe for and pay the Subscription Price for one full share of the Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders holders of the Additional Common Shares after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Common Shares delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (BlackRock Science & Technology Trust)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Shares Stock at the rate of one 1 (1) Additional Common Share Stock for each three (3) Rights 3)Right (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares Rights to subscribe for and pay the Subscription Price for one full share of the Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Common Shares Stock delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Aberdeen Income Credit Strategies Fund)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Shares Stock at the rate of one 1 Common Share share for each every three (3) Rights (the “"Basic Subscription Privilege”"). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three (3) Common Shares Rights to subscribe and pay the Subscription Price for one full share of Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all Common Shares Stock delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Reaves Utility Income Fund)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for Additional Common Shares and Preferred Shares at the rate of one 1 (1) Additional Common Share and one (1) Preferred Share for each three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but . The number of Rights that are issued to Shareholders will be rounded up by the Subscription Offer includes a step-up privilege entitling Agent to the holder nearest whole number of holder of Common Shares at the Record Date who holds fewer than Rights evenly divisible by three (3) Common Shares to subscribe and pay the Subscription Price for one full Common Share).
2.2 If subscribing shareholders Shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company Fund shall provide Agent with instructions regarding the allocation to such shareholders Shareholders of Additional Common Shares and Preferred Shares after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company Fund in writing, all Common Shares and Preferred Shares delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company Fund shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares or Preferred Shares issued hereunder is are to be issued with restrictive legend(s) and, if so, the Company Fund shall provide the appropriate legend(s) and a list identifying the affected shareholdersShareholders, certificate numbers (if applicable) and share amounts for such affected shareholdersShareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Global Utility & Income Trust)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Shares Stock at the rate of one 1 Common Share (1) share(s) for each three five (35) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three five (35) Common Shares Rights to subscribe for and pay the Subscription Price for one full share of the Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Additional Common Shares Stock delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Utility Trust)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Shares Stock at the rate of one 1 Common Share share for each every three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights shares of Common Stock will be issued. If a shareholder receives less than three Rights in total, but the Subscription Offer includes a step-up privilege entitling the holder of holder that shareholder shall receive at least three Rights so that they may be entitled to subscribe for one share of Common Shares at the Record Date who holds fewer than three (3) Common Shares to subscribe and pay the Subscription Price for one full Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all Common Shares Stock delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (New Ireland Fund Inc)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Shares Stock at the rate of one 1 (1) share of Common Share Stock for each three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares Stock at the Record Date who holds fewer than three (3) shares of Common Shares Stock to subscribe and pay the Subscription Price for one full share of Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all Common Shares Stock delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Tortoise MLP Fund, Inc.)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of Additional Common Shares Stock at the rate of one 1 Common Share (1) share for each three (3) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder . The number of holder of Common Shares at the Rights that are issued to Record Date who holds fewer than three (3) Common Shares shareholders will be rounded up by the Agent to subscribe and pay the Subscription Price for one full Common Sharenearest whole number of Rights evenly divisible by three.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all Common Shares Stock delivered hereunder upon exercise of Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Global Small & Mid Cap Value Trust)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the Additional Common Shares at the rate of one 1 Common Share (1) share for each three ten (310) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but . The number of Rights that are issued to shareholders will be rounded up by the Subscription Offer includes a step-up privilege entitling Agent to the holder nearest whole number of holder of Common Shares at the Record Date who holds fewer than three Rights evenly divisible by ten (3) Common Shares to subscribe and pay the Subscription Price for one full Common Share10).
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Common Shares delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Common Shares issued hereunder is are to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Dividend & Income Trust)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the Additional Common Shares at the rate of one 1 Common Share (1) share for each three four (34) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder . The number of holder Rights that are issued to holders of Common Shares at of record on the Record Date who holds fewer than three will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by four (3) Common Shares to subscribe and pay the Subscription Price for one full Common Share4).
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Additional Common Shares delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares issued hereunder is are to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Multimedia Trust Inc.)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Shares Stock at the rate of one 1 Common Share (1) share(s) for each three four (34) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued, but the Subscription Offer includes a step-up privilege entitling the holder of holder of Common Shares at the Record Date who holds fewer than three four (34) Common Shares Rights to subscribe for and pay the Subscription Price for one full share of the Common ShareStock.
2.2 If subscribing shareholders who exercise their Rights in full are entitled to exercise an oversubscription right, then the Company shall provide Agent with instructions regarding the allocation to such shareholders of the Additional Common Shares Stock after the initial allocation thereof.
2.3 Except as otherwise indicated to the Agent by the Company in writing, all of the Additional Common Shares Stock delivered hereunder upon the exercise of the Rights will be delivered free of restrictive legends. Company shall, if applicable, inform Agent as soon as possible in advance as to whether any Additional Common Shares Stock issued hereunder is to be issued with restrictive legend(s) and, if so, the Company shall provide the appropriate legend(s) and a list identifying the affected shareholders, certificate numbers (if applicable) and share amounts for such affected shareholders.
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Multimedia Trust Inc.)