Pilgrim America Securities, Inc. Return to:
Two Renaissance Square
00 X. Xxxxxxx Xxx., Xxx. 0000
Xxxxxxx, XX 00000-0000
(000) 000-0000 or (000) 000-0000
Service Agreement
--------------------------------------------------------------------------------
Broker/Dealer:
This Service Agreement is entered into with respect to the Pilgrim America Group
of Funds (each a "Fund" and, collectively, the "Funds"), as identified on
Schedule "A" attached hereto.
1. To the extent you provide services and assistance to your customers who own
Fund shares, including, but not limited to, answering routine inquires regarding
the Fund, assisting in changing dividend options, account designations and
addresses, we shall pay you a service fee prorated and paid quarterly after the
required period of investment based, as reflected on Schedule A, on the average
net asset value of shares of the Fund which are attributable to customers of
your firm.
--------------------------------------------------------------------------------
2. In no event may the aggregate annual service fee paid to you exceed .25% of
the average daily net asset value of the net assets of the Fund held in your
customers' accounts which are eligible for payment pursuant to this Agreement.
--------------------------------------------------------------------------------
3. You shall furnish us and the Fund with information as shall reasonably be
requested by the Fund's Board of Directors with respect to the service fees paid
to you pursuant to the Schedule.
--------------------------------------------------------------------------------
4. This Agreement will terminate automatically by any act that terminates the
Funds' Service and Distribution Plans, and will terminate automatically in the
event of the assignment of this Agreement.
--------------------------------------------------------------------------------
5. The provisions of the Underwriting Agreement between the Fund and us, insofar
as they relate to the Funds' Service and Distribution Plans, are incorporated
herein by reference.
--------------------------------------------------------------------------------
This Agreement shall take effect on the _______ day of ________________, 19___,
and the terms and provisions thereof are hereby accepted and agreed to by us and
evidenced by our executions hereof.
Dealer's Acceptance Pilgrim America Securities, Inc.
__________________________________ By ___________________________
Firm Name
By________________________________
Authorized Officer Signature
By________________________________
Authorized Officer
Name & Title-Please Print
