AMENDMENT NO. 19 TO SCHEDULE A
Terms used in the Schedule and not defined herein shall have the
meaning specified in the AMENDED AND RESTATED SHAREHOLDERS' SERVICING AND
TRANSFER AGENT AGREEMENT dated July 1, 1991, and as amended from time to time
(the "Agreement"). Payments under the Agreement to Liberty Funds Services, Inc.
("LFS") (formerly "CSC" as defined in the Agreement) shall be made in the first
two weeks of the month following the month in which a service is rendered or an
expense incurred. This Amendment No. 19 to Schedule A shall be effective as of
July 1, 2001, and supersedes the original Schedule A and Amendment Nos. 1, 2, 3,
4, 5, 6, 7,8, 9, 10, 11, 12, 13, 14, 15, 16, 17 and 18 to Schedule A.
Each Fund that is a series of the Trust shall pay LFS for the services to be
provided by LFS under the Agreement an amount equal to the sum of the following:
1. The Fund's Share of LFS Compensation; PLUS
2. A transaction fee of $1.40 per Transaction occurring in Fund Accounts
during any month; PLUS
3. An account fee for Open Accounts of $4.00 per annum; PLUS
4. An account fee for Closed Accounts of $1.50 per annum; PLUS
5. The Fund's Allocated Share of LFS Reimbursable Out-of-Pocket Expenses.
Notwithstanding the above, with respect to Class I shares of Liberty Contrarian
Small Cap Fund, Liberty Contrarian Equity Fund and Liberty Contrarian Income
Fund, each Fund's Share of LFS Compensation for any month shall be 1/12 of
0.0025% of the average daily closing value of the total net assets of such Fund
for such month.
In addition, LFS shall be entitled to retain as additional compensation for its
services all LFS revenues for Distributor Fees, fees for wire, telephone,
redemption and exchange orders, XXX trustee agent fees and account transcripts
due LFS from shareholders of any Fund and interest (net of bank charges) earned
with respect to balances in the accounts referred to in paragraph 2 of the
Agreement.
Also, LFS shall be able to recover from the Funds, in the same manner it charges
for LFS Reimbursable Out-of-Pocket Expenses, fees payable to DST under the
remote services agreement with DST and one-time expenses incurred during the
conversion from CTRAN to DST. Such expenses will be recovered at a rate of
1/24th per month.
All determinations hereunder shall be in accordance with generally accepted
accounting principles and subject to audit by the Funds' independent
accountants.
Definitions
"Allocated Share" for any month means that percentage of LFS
Reimbursable Out-of-Pocket Expenses which would be allocated
to the Fund for such month in accordance with the methodology
described in Exhibit 1 hereto.
"Closed Account" is any account on the books of LFS
representing record ownership of shares of a Fund which as of
the first day of any calendar month has a share balance of
zero and does not meet account purge criteria. The Closed
Account fee shall be payable on a monthly basis, in an amount
equal to 1/12 the per annum charge.
"LFS Reimbursable Out-of-Pocket Expenses" means (i)
out-of-pocket expenses incurred on behalf of the Fund by LFS
for stationery, forms, postage and similar items, (ii)
networking account fees paid to dealer firms by LFS on
shareholder accounts established or maintained pursuant to the
National Securities Clearing Corporation's networking system,
which fees are approved by the Trustees from time to time and
(iii) fees paid by LFS or its affiliates to third-party dealer
firms or transfer agents that maintain omnibus accounts with a
Fund in respect of expenses similar to those referred to in
clause (i) above, to the extent the Trustees have approved the
reimbursement by the Fund of such fees.
"Distributor Fees" means the amount due LFS pursuant to any
agreement with the Fund's principal underwriter for
processing, accounting and reporting services in connection
with the sale of shares of the Fund.
"Fund" means each of the open-end investment companies advised
or administered by CMA that are series of the Trusts which are
parties to the Agreement.
"Fund Accounts" means all Open Accounts and all Closed
Accounts.
"Fund's Share of LFS Compensation" for any month means 1/12 of an
amount equal to 0.06 percent of the average daily closing
value of the total net assets of each Fund for such month.
"Open Accounts" is any account on the books of LFS
representing record ownership of shares of a Fund which as of
the first day of any calendar month has a share balance
greater than zero. The Open Account fee shall be payable on a
monthly basis, in an amount equal to 1/12 the per annum
change.
"Transaction": means any activity that has occurred relating
to any Fund Account, including all debits and credits to
account balances as well as maintenance and service activities
performed with respect to such Fund Account in any month.
Agreed:
EACH TRUST ON BEHALF OF EACH FUND DESIGNATED
IN APPENDIX I FROM TIME TO TIME
By: /s/Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx, Secretary
LIBERTY FUNDS SERVICES, INC.
By: /s/Xxxx X. XxXxxxxx
Xxxx X. XxXxxxxx, President
COLONIAL MANAGEMENT ASSOCIATES, INC.
By: /s/Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx, Vice President
EXHIBIT 1
METHODOLOGY OF ALLOCATING LFS
REIMBURSABLE OUT-OF-POCKET EXPENSES
1. LFS Reimbursable Out-of-Pocket Expenses are allocated to the Funds as
follows:
A. Identifiable Based on actual services performed and
invoiced to a Fund.
B. Unidentifiable Allocation will be based on three evenly
weighted factors.
- number of shareholder accounts
- number of transactions
- average assets
