When Determined. The net asset value of a series or class shall be determined at such times as the Board of Trustees, subject to applicable rules and regulations, if any, of the SEC, shall prescribe, provided that such net asset value shall be determined at least once each week. In the absence of a resolution of the Board of Trustees, the net asset value of a series or class shall be determined as of the close of trading on the New York Stock Exchange on each business day.
Appears in 9 contracts
Samples: Agreement and Declaration of Trust (Liberty Stein Roe Funds Income Trust), Agreement and Declaration of Trust (Liberty Stein Roe Funds Income Trust), Agreement and Declaration of Trust (Liberty Stein Roe Funds Municipal Trust)
When Determined. The net asset value of a series or class shall be determined at such times as the Board of Trustees, subject to applicable rules and regulations, if any, of the SEC, shall prescribe, provided that such net asset value shall be determined at least once each week. In the absence of a resolution of the Board of Trustees, the net asset value of a series or class shall be determined as of the close of trading on the New York Stock Exchange on each business day.
Appears in 3 contracts
Samples: Agreement and Declaration of Trust (Steinroe Variable Investment Trust), Agreement and Declaration of Trust (Steinroe Investment Trust), Declaration of Trust (Liberty Variable Investment Trust)
