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) share for each seven (7) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven (7).
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 the Additional Common Shares at the rate of one (1) share for each seven four (74) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven four (74).
Appears in 1 contract
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the Additional Common Shares Stock at the rate of one (1) share share(s) for each seven ten (710) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares Stock of record on the Record Date will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven ten (710).. Subscription Agent Agreement – GAB Rights Offering (2021)
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Equity Trust Inc)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the shares of Additional Common Shares Stock at the rate of one (1) share for each seven three (73) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date shareholders will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven (7)three.
Appears in 1 contract
Samples: 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 shares of Additional Common Shares Stock at the rate of one (1) share for each seven three (73) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date Stockholders will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven three (73).
Appears in 1 contract
Samples: Subscription Agent Agreement (Gabelli Convertible & Income Securities Fund Inc)
Subscription of Rights. 2.1 (a) The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for the Additional Common Shares at the rate of one (1) share for each seven (7) three Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are to be issued to a holders of Common Shares of record on the Record Date will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven (7)three. No fractional shares will be issued.
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 the shares of Additional Common Shares Stock at the rate of one (1) share for each seven five (75) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date shareholders will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven (7)five.
Appears in 1 contract
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) share for each seven ten (710) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date shareholders will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven ten (710).
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 shares of Additional Common Shares Stock at the rate of one (1) share for each seven (7) Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights that are issued to holders of Common Shares of record on the Record Date shareholders will be rounded up by the Agent to the nearest whole number of Rights evenly divisible by seven (7)seven.
Appears in 1 contract