TRANSFER AGENT AGREEMENT
Agreement dated as of October 19, 1998, between Xxxxx Xxx
Floating Rate Income Fund and Xxxxx Xxx Institutional Floating
Rate Income Fund, each a Massachusetts business trust (the
"Trust") comprised of the series of portfolios listed in Schedule
A (as the same may from time to time be amended to add or to
delete one or more series, all referred to herein as the "Fund"),
and Liberty Funds Services, Inc. ("LFS"), a Massachusetts
corporation.
WHEREAS, the Trust has appointed LFS as Transfer Agent,
Registrar and Dividend Disbursing Agent for each series of the
Trust listed in Schedule A, each a registered investment company,
WHEREAS, LFS desires to accept such appointment and to
perform such services upon the terms and subject to the conditions
set forth herein; and
WHEREAS, Xxxxx Xxx & Xxxxxxx, Inc. ("SRF") is the investment
adviser to the Fund and Liberty Securities Corporation is the
principal distributor ("Distributor") of its shares.
NOW THEREFORE, in consideration of the mutual promises and
covenants set forth herein, the parties hereto agree as follows:
1. Appointment. The Trust hereby appoints LFS to act as its
agent in respect of the purchase, redemption and transfer of Fund
shares and dividend disbursing services in connection with such
shares other than with respect to Fund shares held in omnibus
accounts as to which such services are performed by other
financial institutions as described in the Fund's Prospectus from
time to time. LFS accepts such appointment and will perform the
duties and functions described herein in the manner hereinafter
set forth.
LFS agrees to provide the necessary facilities, equipment and
personnel to perform its duties and obligations hereunder in
accordance with the practice of transfer agents of investment
companies registered with the Securities and Exchange Commission
and in compliance with all laws applicable to mutual fund transfer
agents and the Fund.
LFS agrees that it shall perform usual and ordinary services
as transfer agent, registrar and dividend disbursing agent, which
are necessary and appropriate for investment companies registered
with the Securities and Exchange Commission, except as otherwise
specifically excluded herein, including but not limited to:
receiving and processing payments for purchases of Fund shares,
opening shareholder accounts, receiving and processing requests
for liquidation of Fund shares , transferring and canceling stock
certificates, maintaining all shareholder accounts, preparing
annual shareholder meetings lists, mailing proxy materials,
receiving and tabulating proxies, mailing shareholder reports and
prospectuses, account research, shareholder correspondence and
telephone services, providing order room services to brokers,
withholding taxes on accounts, disbursing income dividends and
capital gains distributions, preparing and filing U.S. Treasury
Department Form 1099 for shareholders, preparing and mailing
confirmation forms to shareholders for all purchases and
liquidations of Fund shares and other confirmable transactions in
shareholder accounts, recording reinvestment of dividends and
distributions in Fund shares, and causing liquidation of shares
and disbursements to be made to withdrawal plan holders.
2. Fees and Charges. The Trust will pay LFS for the
services provided hereunder in accordance with and in the manner
set forth in Schedule B to this Agreement.
3. Representations and Warranties of LFS. LFS represents
and warrants to the Trust that:
(a) It is a corporation duly organized and existing in good
standing under the laws of the Commonwealth of
Massachusetts;
(b) It is duly qualified to carry on its business in the
Commonwealth of Massachusetts;
(c) It is empowered under applicable state and federal laws
and by its Articles of Organization and By-Laws to enter
into and perform the services contemplated by this
Agreement and it is in compliance and shall continue
during the term of this Agreement to be in compliance
with all such applicable laws;
(d) All requisite corporate proceedings have been taken to
authorize it to enter into and perform this Agreement;
(e) It has and shall continue to have and maintain the
necessary facilities, equipment and personnel to perform
its duties and obligations under this Agreement; and
(f) It has filed a Registration Statement on SEC Form TA-1
and will file timely an amendment to same respecting this
Transfer Agent Agreement with the Securities and Exchange
Commission; it is duly registered as a transfer agent as
provided in Section 17Ac of the Securities and Exchange
Act of 1934, and it will remain so registered and will
comply with all state and federal laws and regulations
relating to transfer agents throughout the term of this
Agreement.
4. Representations and Warranties of the Trust. The Trust
represents and warrants to LFS that:
(a) It is a business trust duly organized and existing and in
good standing under the laws of the State of
Massachusetts;
(b) The Fund is an closed-end management investment company
registered as an interval fund under Section 23c-3 of the
Investment Company Act of 1940;
(c) Registration statements under the Securities Act of 1933
and applicable state laws are currently effective and
will remain effective at all times with respect to all
shares of the Fund being offered for sale;
(d) The Trust is empowered under applicable laws and
regulations and by its Agreement and Declaration of Trust
and By-Laws to enter into and perform this Agreement; and
(e) All requisite proceedings and actions have been taken to
authorize it to enter into and perform this Agreement.
5. Copies of Documents. The Trust promptly from time to
time will furnish LFS with copies of the following Trust and Fund
documents and all amendments or supplements thereto: the Agreement
and Declaration of Trust ; the By-Laws; and the Registration
Statement under Securities Act of 1933, as amended, and the
Investment Company Act of 1940, as amended, together with any
other information reasonably requested by LFS. The Prospectus and
Statement of Additional Information contained in such Registration
Statement, as from time to time amended and supplemented, are
herein collectively referred to as the "Fund's Prospectus."
On or before the date of effectiveness of this Agreement, or
as soon thereafter as is reasonably practicable, and from time-to-
time thereafter, the Trust will furnish LFS with certified copies
of the resolutions of the Trustees of the Trust authorizing this
Agreement and designating authorized persons to give instructions
to LFS; if applicable, a specimen of the certificate for shares of
the Fund in the form approved by the Trustees of the Trust, with a
certificate of the Secretary of the Trust as to such approval; and
certificates as to any change in any officer, director, or
authorized person of the Trust.
6. Share Certificates. Unless and until the Trustees of the
Trust resolve that all of the Trust's shares of beneficial
interest, or all of the shares of a particular series or class of
such shares, shall be issued in uncertificated form, LFS shall
maintain a sufficient supply of blank share certificates
representing such shares, in the form approved from time to time
by the Trustees of the Trust. Such blank share certificates shall
be properly signed, manually or by facsimile signature, by the
duly authorized officers of the Trust, and shall bear the seal or
facsimile thereof of the Trust; and notwithstanding the death,
resignation or removal of any officer of the Trust authorized to
sign such share certificates, LFS may continue to countersign
certificates which bear the manual or facsimile signature of such
officer until otherwise directed by the Trust.
7. Lost or Destroyed Certificates. In case of the alleged
loss or destruction of any share certificate, no new certificate
shall be issued in lieu thereof, unless there shall first be
furnished to LFS an affidavit of loss or non-receipt by the holder
of shares with respect to which a certificate has been lost or
destroyed, supported by an appropriate bond paid for by the
shareholder which is satisfactory to LFS and issued by a surety
company satisfactory to LFS. LFS shall place and maintain stop
transfer instructions on all lost certificates as to which it
receives notice.
8. Purchases; Receipt of Funds for Investment. LFS will
maintain one or more accounts with BankBoston, N.A. ("Bank"), in
the name, or for the benefit, of the Trust into which it will
deposit funds payable to LFS or SteinRoe Services, Inc. as agent
for, or otherwise identified as being for the account of, the
Trust, prior to crediting such funds to the respective accounts of
the Trust and the Distributor.
Thereafter, LFS will determine the amount of any such funds
due the Trust (equal to the number of Trust shares sold by the
Trust computed pursuant to paragraph 9 hereof, multiplied by the
net asset value of Trust shares next determined after receipt of
such purchase order) and the amount of funds due the Distributor
(equal to the sales charge applicable to such sale, computed
pursuant to the Prospectus), respectively, deposit the portion due
the Distributor in its account with such bank as may from time to
time be designated by the Distributor ("Distributor's Account"),
deposit the net amount due the Trust in its account with the
financial institution from time to time selected by the Trust as
custodian of the Fund ("Custodian"), and notify the Distributor
and Custodian, respectively, (such notification to the Distributor
to include the amount of such sales charge to be remitted by the
Distributor to the dealer participating in the sale, of such
deposits, such notification to be given as soon as practicable on
the next business day stating the total amount deposited to said
accounts during the previous business day.
9. Shareholder Accounts. Upon receipt of any funds referred
to in paragraph 8, LFS will compute the number of shares purchased
by the shareholder according to the appropriate offering price of
Fund shares determined in accordance with applicable federal laws
and regulations and as described in the Prospectus of the Fund,
and:
(a) In the case of a new shareholder, open and maintain an
open account for such shareholder in the name or names
set forth in the subscription application form;
(b) Unless the Trustees of the Trust have resolved that all
of the Trust's shares of beneficial interest, or all of
the shares of a particular series or class, shall be
issued in uncertificated form, and if specifically
requested in writing by the shareholder, countersign,
issue and mail, by first class mail, to the shareholder
at his or her address, a share certificate for full
shares purchased;
(c) Send to the shareholder a confirmation indicating the
amount of full and fractional shares purchased (in the
case of fractional shares, rounded to three decimal
places) and the price per share;
(d) In the case of a request to establish a plan or program
being offered by the Fund's Prospectus, open and maintain
such plan or program for the shareholder in accordance
with the terms thereof; and
(e) Perform such other services and initiate and maintain
such other books and records as are customarily
undertaken by transfer agents in maintaining shareholder
accounts for registered investment company investors;
all subject to requirements set forth in the Fund's Prospectus
with respect to rejection of orders.
For closed accounts, LFS will maintain account records
through June of the calendar year following the year in which the
account is closed.
10. Unpaid Checks; Accounts Assigned for Collection. If any
check or other order for payment of money on the account of any
shareholder or new investor is returned unpaid for any reason, LFS
will:
(a) Give prompt notification to the Distributor of such non-
payment; and
(b) Take such other steps, including imposition of a
reasonable processing or handling fee, as LFS may, in
LFS's discretion, deem appropriate, or as the Trust or
the Distributor may instruct LFS, provided that any
authorization to pay such order notwithstanding
insufficient shareholder account funds, is expressly on
the condition that the Trust or Distributor, as the case
may be, shall indemnify LFS and payor bank in respect of
such payment.
11. Dividends and Distributions. The Trust will promptly
notify LFS of the declaration of any dividend or distribution with
respect to Fund shares, the amount of such dividend or
distribution, the date each such dividend or distribution shall be
paid, and the record date for determination of shareholders
entitled to receive such dividend or distribution. As dividend
disbursing agent, LFS will, on or about the payment date of any
such dividend or distribution, notify the Custodian of the
estimated amount of cash required to pay such dividend or
distribution, and the Trust agrees that on or before the mailing
date of such dividend or distribution it will instruct the
Custodian to make available to LFS sufficient funds in the
dividend and distribution account maintained by LFS with the Bank.
As dividend disbursing agent, LFS will prepare and distribute to
shareholders any funds to which they are entitled by reason of any
dividend or distribution and, in the case of shareholders entitled
to receive additional shares by reason of any such dividend or
distribution, LFS will make appropriate credits to their accounts
and cause to be prepared and mailed to shareholders confirmation
statements and, of such additional shares. LFS will maintain all
records necessary to reflect the crediting of dividends and
distributions which are reinvested in shares of the Fund.
12. Redemptions. As agent for the Trust, LFS will receive
and process, in accordance with the Fund's Prospectus, share
certificates and requests for redemption of shares, as follows:
(a) If such certificate or request complies with standards
for redemption, LFS will notify the Custodian of the
actual amount of cash required to pay redemptions, and
the Trust hereby instructs the Custodian to make
available to LFS sufficient funds in the redemption
account maintained by LFS with the Bank. LFS will
deposit any contingent deferred sales charge ("CDSC") due
the Distributor in accordance with the Fund's Prospectus,
in the Distributor's Account and pay to the shareholder
from funds deposited from time to time in the redemption
account maintained by LFS with the Bank, the appropriate
redemption price as set forth in the Fund's Prospectus;
(b) If such certificate or request does not comply with the
standards for redemption, LFS will promptly notify the
shareholder and shall effect the redemption at the price
in effect at the time of receipt of documents complying
with the standard; and
(c) LFS shall notify the Trust and the Distributor as soon as
practicable on each business day of the total number of
Trust shares and funds covered by requests for redemption
which were received by LFS in proper form on the previous
business day, and shall notify the Distributor of
deposits to its account with respect to any CDSC.
13. Transfer and Exchanges. LFS will receive and process
transfers of shares of the Fund and exchanges between series of
the Trust and other investments as, and to the extent, permitted
in the Prospectus of the Fund. If shares to be transferred are
represented by outstanding certificates, LFS will, upon surrender
to it of the certificates in proper form for transfer, credit the
same to the transferee on its books. If shares are to be
exchanged , LFS will process such exchange in the same manner as a
redemption and sale of shares, in accordance with the Fund's
Prospectus.
14. Systematic Withdrawal Plans. LFS will administer
systematic withdrawal plans pursuant to the provisions of
withdrawal orders duly executed by shareholders and the Fund's
Prospectus. Prior to the payment date, LFS will withdraw from a
shareholder's account and present for redemption as many shares as
shall be sufficient to make such withdrawal payment pursuant to
the provisions of the shareholder's withdrawal plan and the
Prospectus.
15. Letters of Intent and Other Plans. LFS will process
such letters of intent for investing in shares as are provided for
in the Prospectus, and LFS will act as escrow agent pursuant to
the terms of such letters of intent duly executed by shareholders.
LFS will make appropriate deposits for the adjustment of sales
charges as therein provided and will currently report the same to
the Distributor, it being understood, however, that computations
of any adjustment of sales charge shall be the responsibility of
the Distributor or the Trust. LFS will process such accumulation
plans, group programs and other plans or programs for investing in
shares as are provided for the Prospectus.
16. Tax Returns and Reports. LFS will prepare and file tax
returns and reports with the Internal Revenue Service and any
other federal, state or local governmental agency which may
require such filings, including state abandoned property laws, and
conduct appropriate communications relating thereto, and, if
required, mail to shareholders such forms for reporting dividends
and distributions paid by the Fund as are required by applicable
laws, rules and regulations, and LFS will withhold such sums as
are required to be withheld under applicable Federal and state
income tax laws, rules and regulations. LFS will also make
reasonable attempt to obtain such tax withholding information from
shareholders as is required to be obtained on behalf of the Trust
under applicable federal or state laws.
17. Record Keeping. LFS will maintain records, which at all
times will be the property of the Trust and available for
inspection by the Trust and Distributor, showing for each
shareholder's account the following information:
(a) Name, address, and United States taxpayer identification
or Social Security number, if provided (or amounts
withheld with respect to dividends and distributions on
shares if a taxpayer identification or Social Security
number is not provided);
(b) Number of shares held for which certificates have not
been issued and for which certificates have been issued;
(c) Historical information regarding the account of each
shareholder, including dividends and distributions paid,
if any, and the date and price for transactions on a
shareholder's account;
(d) Any stop or restraining order placed against a
shareholder's account;
(e) Information with respect to withholdings of taxes as
required under applicable Federal and state laws and
regulations;
(f) Any capital gain or dividend reinvestment order and plan
application relating to the current maintenance of a
shareholder's account; and
(g) Any instructions as to letters of intent, record
addresses and any correspondence or instructions relating
to the current maintenance of a shareholder's account.
LFS shall maintain at its expense those records necessary to
carry out its duties under this Agreement; remaining records will
be preserved at the Trust's expense for the periods prescribed by
law. In addition, LFS shall maintain at its expense for periods
prescribed by law all records which the Fund or LFS is required to
keep and maintain pursuant to any applicable statute, rule or
regulation, including without limitation Rule 31(a)-1 under the
Investment Company Act of 1940, relating to the maintenance of
records in connection with the services to be provided hereunder.
At the end of the period in which records must be retained by
law, such records and documents will either be provided to the
Trust or destroyed in accordance with prior written authorization
from the Trust.
18. Retirement Plan Services. LFS shall provide sub-
accounting services for retirement plan shareholders representing
group relationships with special recordkeeping needs.
19. Other Information Furnished. LFS will furnish to the
Trust and the Distributor such other information, including
shareholder lists and statistical information, as may be agreed
upon from time to time between LFS, the Distributor or the Trust.
LFS shall notify the Trust of any request or demand to inspect the
share records of the Fund, and will not permit or refuse such
inspection until receipt of written instructions from the Trust as
to such permission or refusal unless required by law.
LFS shall provide to the Trust any results of studies and
evaluations of systems of internal accounting controls performed
for the purpose of meeting the requirements of Regulation
240.17Ad-13(a) of the Securities Exchange Act of 1934.
20. Shareholder Inquiries. LFS will respond promptly to
written correspondence from shareholders, registered
representatives of broker-dealers engaged in selling Trust shares,
the Trust and the Distributor relating to its duties hereunder.
LFS also will respond to telephone inquiries from shareholders
with respect to existing accounts.
21. Communications to Shareholders and Meetings. LFS will
determine all shareholders entitled to receive, and will cause to
be addressed and mailed, all communications by the Fund to its
shareholders, including quarterly and annual statements or
reports, tender offer materials, proxy material for meetings, and
periodic communications. LFS will cause to be received, examined
and tabulated return proxy cards for meetings of shareholders and
certify the vote to the Trust.
22. Insurance. LFS will not reduce or allow to lapse any of
its insurance coverage from time to time in effect, including but
not limited to, errors and omissions, fidelity bond and electronic
data processing coverage, without the prior written consent of the
Trust. Attached as Schedule D to this Agreement is a list of the
insurance coverage which LFS has in effect as of the date of
execution of this Agreement.
24. Duty of Care and Indemnification. LFS will at all times
use reasonable care, due diligence and act in good faith in
performing its duties hereunder. LFS will not be liable or
responsible for delays or errors by reason of circumstances beyond
its control, including without limitation acts of civil or
military authority, national or state emergencies, labor
difficulties, fire, mechanical breakdown, flood or catastrophe,
acts of God, insurrection, war, riots or failure of
transportation, communication or power supply.
LFS may rely on certifications of those individuals
designated as authorized persons to give instructions to LFS as to
proceedings or facts in connection with any action taken by the
shareholders of the Fund or Trustees of the Trust, and upon
instructions not inconsistent with this Agreement from individuals
who have been so authorized. Upon receiving authorization from an
individual designated as an authorized person to give instructions
to LFS, LFS may apply to counsel for the Trust, or counsel for
SRF, at the Fund's expense, for advice. With respect to any
action reasonably taken on the basis of such certifications or
instructions or in accordance with the advice of counsel of the
Trust, or counsel for SRF, the Trust will indemnify and hold
harmless LFS from any and all losses, claims, damages, liabilities
and expenses (including reasonable counsel fees and expenses).
The Trust will indemnify LFS against and hold LFS harmless
from any and all losses, claims, damages, liabilities and expenses
(including reasonable counsel fees and expenses) in respect of any
claim, demand, action or suit not resulting from LFS's bad faith,
negligence, lack of due diligence or willful misconduct and
arising out of, or in connection with its duties under this
Agreement.
LFS shall indemnify the Trust against and hold the Trust
harmless from any and all losses, claims, damages, liabilities and
expenses (including reasonable counsel fees and expenses) in
respect to any claim, demand, action or suit resulting from LFS's
bad faith, negligence, lack of due diligence or willful
misconduct, and arising out of, or in connection with, its duties
under this Agreement. For purposes of this Transfer Agent
Agreement, "lack of due diligence" shall mean the processing by
LFS of a Fund share transaction in accordance with a practice that
is not substantially in compliance with (1) a transaction
processing practice approved by the Trust's Trustees, (2)
insurance coverage's, or (3) generally accepted industry practices
of mutual fund agents.
LFS shall also be indemnified and held harmless by the Trust
against any loss, claim, damage, liability and expenses (including
reasonable counsel fees and expenses) by reason of any act done by
it in good faith with due diligence and in reasonable reliance
upon any instrument or certificate for shares reasonably believed
by it (a) to be genuine and (b) to be signed, countersigned or
executed by any person or persons authorized to sign, countersign,
or execute such instrument or certificate.
In addition, the Trust will indemnify and hold LFS harmless
against any loss, claim, damage, liability and expense (including
reasonable counsel fees and expenses) in respect of any claim,
demand, action or suit as a result of the negligence of the Fund,
the Trust or SRF as a result of LFS's acting upon any instructions
reasonably believed by LFS to have been executed or orally
communicated by a duly authorized officer or employee of the Fund,
Trust or SRF as a result of acting in reliance upon written or
oral advice reasonably believed by LFS to have been given by
counsel for the Fund, Trust or SRF.
In any case in which a party to this Agreement may be asked
to indemnify or hold harmless the other party hereto, the party
seeking indemnification shall advise the other party of all
pertinent facts concerning the situation giving rise to the claim
or potential claim for indemnification, and each party shall use
reasonable care to identify and notify the other promptly
concerning any situation which presents or appears likely to
present a claim for indemnification. Prior to admitting to or
agreeing to settle any claim subject to this Section, each party
shall give the other reasonable opportunity to defend against said
claim in either party's name.
25. Termination and Amendment. This Agreement shall
continue in effect until May 30, 1999, and will automatically be
renewed for successive one year terms thereafter unless
terminated, effective as of the expiration of the then current
term, by not less than one hundred eighty (180) days written
notice prior to any renewal date. Upon termination hereof, the
Trust shall pay LFS such compensation as may be due to LFS as of
the date of such termination for services rendered and expenses
incurred, as described in Schedule B. This Agreement may be
modified or amended from time to time by mutual agreement between
the Trust and LFS.
26. Successors. In the event that in connection with
termination of this Agreement a successor to any of LFS's duties
or responsibilities hereunder is designated by the Trust by
written notice to LFS, LFS shall promptly, at the expense of the
Trust, transfer to such successor, a certificate list of the
shareholders of the Fund (with name, address and taxpayer
identification or Social Security number), a historical record of
the account of each shareholder and the status thereof, all other
relevant books, records, correspondence and other data established
or maintained by LFS under this Agreement in machine readable form
and will cooperate in the transfer of such duties and
responsibilities, and in the establishment of books, records and
other data by such successor. LFS shall be entitled to
reimbursement of its reasonable out-of-pocket expenses in respect
of assistance provided in accordance with the preceding sentence.
27. Miscellaneous. This Agreement shall be construed in
accordance with and governed by the laws of The Commonwealth of
Massachusetts.
28. Liability. It is understood and expressly stipulated
that neither the shareholders of the Funds which are series of the
Trust nor the members of the Board of the Trust shall be
personally liable hereunder. The obligations of the Trust are not
personally binding upon, nor shall resort be had to the private
property of, any of the members of the Board of the Trust, nor of
the shareholders, officers, employees or agents of the Trust, but
only the Trust's property shall be bound. A copy of the
Declaration of Trust and of each amendment thereto has been filed
by the Trust with the Secretary of State of The Commonwealth of
Massachusetts and with the Clerk of the City of Boston, as well as
any other governmental office where such filing may from time to
time be required.
The captions in this Agreement are included for convenience
of reference only and in no way define or limit any of the
provisions of this Agreement or otherwise affect their
construction or effect. This Agreement may be executed
simultaneously in two or more counterparts, each of which shall be
deemed an original, but all of which taken together shall
constitute one and the same instrument.
LFS shall keep confidential all records and information
provided to LFS by the Trust, and prior, present or prospective
shareholders of the Fund, except to the extent disclosures are
required by this Agreement, by the Fund's registration statement,
or by a reasonable request or a valid subpoena or warrant issued
by a court, state or federal agency or other governmental
authority.
Neither LFS nor the Trust may use each other's name in any
written material without written consent of such other party,
provided, however, that such consent shall not unreasonably
withheld. LFS and the Trust hereby consent to all uses of their
respective names which refer in accurate terms to appointment and
duties under this Agreement or which are required by any
governmental or regulatory authority including required filings.
The Trust, the Fund and SRF consent to use of their respective
names and logos by LFS for shareholder correspondence and
statements.
This Agreement shall be binding upon and shall inure to the
benefit of the Trust and LFS and their respective successors and
assigns. Neither the Trust nor LFS shall assign this Agreement
nor its rights and obligations under this Agreement without the
express written consent of the other party.
This Agreement may be amended only in writing by mutual
agreement of the parties.
Any notice and other instrument in writing authorized or
required by this Agreement be given to the Trust or LFS shall be
sufficiently given if addressed to that party and mailed or
delivered to it as its office set for the below or at such other
place as it may from time to time designate in writing.
The Trust and the Fund:
Xxxxx Xxx Institutional Floating Rate Income Trust
Xxxxx Xxx Floating Rate Income Trust
Xxx Xxxxx Xxxxxx Xxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Attn: Xxxxx X. Xxxxxx, Esq.
LFS:
Liberty Funds Service, Inc.
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attn: Xxxx XxXxxxxx; with a separate copy to
Attn: Xxxxx X. Xxxxxx, Esq.
IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed and sealed as of the date first
above written.
XXXXX XXX FLOATING RATE INCOME TRUST
XXXXX XXX INSTITUTIONAL FLOATING RATE
INCOME TRUST
By:________________________________________
Name: Xxxxxx X. Xxxxx
Title: President
LIBERTY FUNDS SERVICES, INC.
By:_______________________________________
Name: Xxxxx X. Xxxxx
Title: President
SCHEDULE A
The Trusts consists of the following series of portfolios:
Xxxxx Xxx Institutional Floating Rate Income Fund
Xxxxx Xxx Floating Rate Income Fund
SCHEDULE B
Fee Schedule:
Xxxxx Xxx Institutional Floating Rate Income Fund- 0.05%
Xxxxx Xxx Floating Rate Income Fund- 0.14%
