MANAGEMENT AGREEMENT
AGREEMENT dated as of October 1, 1997, between COLONIAL TRUST VI, a
Massachusetts business trust (Trust), with respect to COLONIAL SMALL CAP VALUE
FUND (Fund), and COLONIAL MANAGEMENT ASSOCIATES, INC., a Massachusetts
corporation (Adviser).
In consideration of the promises and covenants herein, the parties agree as
follows:
1. The Adviser will manage the investment of the assets of the Fund in
accordance with its prospectus and statement of additional information
and will perform the other services herein set forth, subject to the
supervision of the Board of Trustees of the Trust. The Adviser may
delegate its investment responsibilities to a sub-adviser.
2. In carrying out its investment management obligations, the
Adviser shall:
(a) evaluate such economic, statistical and financial information and
undertake such investment research as it shall believe advisable; (b)
purchase and sell securities and other investments for the Fund in
accordance with the procedures described in its prospectus and
statement of additional information; and (c) report results to the
Board of Trustees of the Trust.
3. The Adviser shall furnish at its expense the following:
(a) office space, supplies, facilities and equipment; (b) executive
and other personnel for managing the affairs of the Fund (including
preparing financial information of the Fund and reports and tax
returns required to be filed with public authorities, but exclusive of
those related to custodial, transfer, dividend and plan agency
services, determination of net asset value and maintenance of records
required by Section 31(a) of the Investment Company Act of 1940, as
amended, and the rules thereunder (1940 Act)); and (c) compensation of
Trustees who are directors, officers, partners or employees of the
Adviser or its affiliated persons (other than a registered investment
company).
4. The Adviser shall be free to render similar services to
others so long as its services hereunder are not impaired
thereby.
5. The Fund shall pay the Adviser monthly a fee at the annual
rate of 0.80% of the average daily net assets of the Fund.
6. If the operating expenses of the Fund for any fiscal year
exceed the most restrictive applicable expense limitation
for any state in which shares are sold, the Adviser's fee
shall be reduced by the excess but not to less than zero.
Operating expenses shall not include brokerage, interest,
taxes, deferred organization expenses, Rule 12b-1
distribution fees, service fees and extraordinary expenses,
if any. The Adviser may waive its compensation (and bear
expenses of the Fund) to the extent that expenses of the
Fund exceed any expense limitation the Adviser declares
to be effective.
7. This Agreement shall become effective as of the date of its
execution, and
(a) unless otherwise terminated, shall continue until two years from
its date of execution and from year to year thereafter so long as
approved annually in accordance with the 1940 Act; (b) may be
terminated without penalty on sixty days' written notice to the
Adviser either by vote of the Board of Trustees of the Trust or by
vote of a majority of the outstanding shares of the Fund; (c) shall
automatically terminate in the event of its assignment; and (d) may be
terminated without penalty by the Adviser on sixty days' written
notice to the Trust.
8. This Agreement may be amended in accordance with the 1940 Act.
9. For the purpose of the Agreement, the terms "vote of a majority of the
outstanding shares", "affiliated person" and "assignment" shall have
their respective meanings defined in the 1940 Act and exemptions and
interpretations issued by the Securities and Exchange Commission under
the 1940 Act.
10. In the absence of willful misfeasance, bad faith or gross negligence
on the part of the Adviser, or reckless disregard of its obligations
and duties hereunder, the Adviser shall not be subject to any
liability to the Trust or the Fund, to any shareholder of the Trust or
the Fund or to any other person, firm or organization, for any act or
omission in the course of, or connected with, rendering services
hereunder.
COLONIAL TRUST VI on behalf of
COLONIAL SMALL CAP VALUE FUND
By: _________________________________
Xxxxx Xxxxxxxx
Chief Accounting Officer
& Controller
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: _________________________________
Xxxxxxx X. Xxxxxx
Senior Vice President
A copy of the document establishing the Trust is filed with the Secretary of The
Commonwealth of Massachusetts. This Agreement is executed by officers not as
individuals and is not binding upon any of the Trustees, officers or
shareholders of the Trust individually but only upon the assets of the Fund.
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