Anti-Dilution Levy definition

Anti-Dilution Levy means such sum, as the Responsible Person or its delegate considers appropriate taking into account the interests of Shareholders of the relevant Funds to cover dealing costs incurred when transacting to cover Shareholder dealing and for no other purpose.

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Anti-Dilution Levy means an adjustment to a Fund’s NAV to cover dealing costs relating to the acquisition or disposal of assets and to preserve the value of the underlying assets of a Fund;

Anti-Dilution Levy means a provision for market spreads (the difference between the prices at which assets are valued and/or bought or sold), duties and charges and other dealing costs relating to the acquisition or disposal of Fund Assets in the event of receipt for processing of large subscription or repurchase requests (as determined at the discretion of the Directors) including subscriptions and/or repurchases which would be effected as a result of requests for exchange from one Fund into another Fund;

Examples of Anti-Dilution Levy in a sentence

This Anti-Dilution Levy is expected to cover dealing costs and to preserve the value of the assets of the relevant Fund.
As the costs of dealing can vary with market conditions, the level of the Anti-Dilution Levy may also vary.
In addition, an Anti-Dilution Levy may be charged by the Company for retention as part of the assets of the relevant Fund, further details of which will be set out in the relevant Supplement.
In calculating the Net Asset Value per Share, the Directors or Investment Manager may, where there are net subscriptions, adjust the Net Asset Value per Share by adding an Anti-Dilution Levy of up to 1% of the Net Asset Value per Share for retention as part of the assets of the relevant Fund, further details of which will be set out in the relevant Supplement.
In calculating the Repurchase Price of Shares, the Directors or the Investment Manager may, where there are net repurchases, adjust the Repurchase Price by deducting an Anti-Dilution Levy of up to 1% of the Net Asset Value per Share for retention as part of the assets of the relevant Fund, further details of which will be set out in the relevant Supplement.

More Definitions of Anti-Dilution Levy

Anti-Dilution Levy means a provision for market spreads (the difference between the

Anti-Dilution Levy means an adjustment made on a transaction basis in the case of

Anti-Dilution Levy means a levy which may be (i) added to subscription amounts payable by an investor or (ii) deducted from redemption amounts receivable by an investor (as determined at the discretion of the Directors).

Anti-Dilution Levy means a charge imposed on subscriptions or on redemptions, as relevant, to offset the dealing costs of buying or selling assets of the Fund and to preserve the Net Asset Value per Share of the Fund, as a result of net subscriptions or of net redemptions on a Dealing Day.

Anti-Dilution Levy means the charge outlined in the section entitled “Anti-Dilution Levies”

Anti-Dilution Levy means a provision to reflect the impact of dealing costs relating to the acquisition or disposal of Fund Assets in the event of receipt for processing of net subscription or net repurchase requests, including subscriptions and/or repurchases which would be effected as a result of requests for exchange from one Class to another Class.