Trust Issuance of Series Shares Clause Samples
The 'Trust Issuance of Series Shares' clause defines the authority and process by which a trust can create and issue new shares for specific series within the trust structure. Typically, this clause outlines the conditions under which new series shares may be authorized, the rights and preferences attached to each series, and the procedures for offering these shares to investors. By establishing clear rules for the issuance of series shares, the clause enables the trust to efficiently manage multiple investment portfolios or strategies under a single legal entity, while ensuring transparency and consistency for investors.
Trust Issuance of Series Shares. The delivery of Series shares shall be made promptly by a credit to a shareholder's open account for the Series or by delivery of a share certificate. The Trust reserves the right (a) to issue Series shares at any time directly to the shareholders of the Series as a stock dividend or stock split, (b) to issue to such shareholders shares of the Series, or rights to subscribe to shares of the Series, as all or part of any dividend that may be distributed to shareholders of the Series or as all or part of any optional or alternative dividend that may be distributed to shareholders of the Series, and (c) to sell Series shares in accordance with the current applicable prospectus of the Trust relating to the Series shares.
Trust Issuance of Series Shares. The delivery of Series shares shall be made promptly by a credit to a shareholder's open account for the Series. The Trust reserves the right (a) to issue Series shares at any time directly to the Class J shareholders of the Series as a stock dividend or stock split, (b) to issue to such shareholders Series shares, or rights to subscribe to Series shares, as all or part of any dividend that may be distributed to Class J shareholders of the Series or as all or part of any optional or alternative dividend that may be distributed to Class J shareholders of the Series, and (c) to sell Series shares in accordance with any current applicable prospectus of the Trust relating to the Series shares.
Trust Issuance of Series Shares. The delivery of Series shares shall be made promptly by a credit to a shareholder's open account for the Series or, at the option of the Trust, by delivery of a share certificate. The Trust reserves the right (a) to issue Series shares at any time directly to the shareholders of the Series as a stock dividend or stock split, (b) to issue to such shareholders shares of the Series, or rights to subscribe to shares of the Series, as all or part of any dividend that may be distributed to shareholders of the Series or as all or part of any optional or alternative dividend that may be distributed to shareholders of the Series, and (c) to sell Series shares in accordance with the current applicable prospectus of the Trust relating to the Series shares.