Beginning NAV definition

Beginning NAV with respect to any Accounting Period means (A) the Ending NAV for the immediate preceding Accounting Period, minus (B) any capital withdrawals effected as of the close of business of the last day of the immediate preceding Accounting Period, other distributions relating to such immediate preceding Accounting Period, plus (C) any capital contributions effected as of the first day of the Accounting Period for which Beginning NAV is being calculated.

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Examples of Beginning NAV in a sentence

• A cumulative, non-compounded pre-tax rate of return equal to (i) the sum of (a) the cumulative gross distributions per share declared by the Corporation since the Inception Date and (b) the Ending NAV, less the Beginning NAV, (ii) divided by the Beginning NAV.

• The difference shall be divided by the Beginning NAV and the quotient shall be expressed as a percentage (hereinafter called the "Net Asset Value Percentage Change").

• A cumulative, non-compounded pre-tax rate of return equal to (i) the sum of (a) the cumulative distributions per share paid to the Corporation’s stockholders since the Inception Date and (b) the Ending NAV, less the Beginning NAV, (ii) divided by the Beginning NAV.