Class S Shares definition
Examples of Class S Shares in a sentence
The Trust will pay the Adviser a management fee (the “Trust Management Fee”) equal to 1.25% of net asset value for the Class S Shares, Class D Shares and Class I Shares per annum payable monthly, before giving effect to any accruals for the Management Fee, shareholder servicing fees, the Performance Allocation (as defined in the Limited Partnership Agreement of the Operating Partnership, as amended from time to time) or any distributions.
The Trust will pay to the Dealer Manager a Servicing Fee (i) with respect to outstanding Class S Shares equal to 0.85% per annum of the aggregate net asset value of the Trust’s outstanding Class S Shares and (ii) with respect to outstanding Class D Shares equal to 0.25% per annum of the aggregate net asset value of the Trust’s outstanding Class D Shares.
CHECK EACH APPLICABLE BOX BELOW IF THE BROKER ELECTS TO PARTICIPATE IN THE LISTED SHARE CLASS ☐ Class S Shares ☐ Class D Shares ☐ Class I Shares The following reflects the brokerage transaction or other fee arrangements, including upfront placement fees or brokerage commissions, arrangement and shareholder servicing and/or distribution fee as agreed upon between the Managing Dealer and the Broker for the applicable share Class.
The Dealer Manager will reallow all or a portion of the Servicing Fee with respect to the Class S Shares and Class D Shares to a Participating Broker-Dealer subject to the terms and conditions included in the applicable Participating Broker-Dealer Agreement.
The Dealer Manager will reallow all or a portion of the Servicing Fee to any Participating Broker-Dealers who sold the Class S Shares or Class D Shares giving rise to a portion of such Servicing Fee to the extent the Participating Broker-Dealer Agreement with such Participating Broker-Dealer provides for such a reallowance and such Participating Broker-Dealer is in compliance with the terms of such Participating Broker-Dealer Agreement related to such reallowance.