Examples of Class P Units in a sentence
The economical impact of such upfront fee will be diluted during a period of three (3) years through a pro rata accrual on a daily basis in the Net Asset Value of Class P Units, so that there will be no immediate impact on the Net Asset Value of Class P Units upon payment of the upfront fee.
A conversion of Class I Units or Class C Units of this Sub-Fund or Units of another Sub-Fund into Class P Units of this Sub-Fund is prohibited.
Class P Units are currently reserved for investors subscribing via Allfunds Bank, S.A.U..
Unit Holders cannot convert Class P Units into another Class of Units of this Sub-Fund or Units of another Sub-Fund.
Class P Units will pay an upfront fee which will be amortised over three (3) years after the end of the subsequent subscription period.