Distributor Shares definition

Distributor Shares means, in respect of any Fund, all Shares of such Fund the Month of Original Purchase of which occurs on or after the Inception Date for such Fund and on or prior to the Distributor Last Sale Cut-off Date in respect of such Fund.
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Distributor Shares means, in respect of any Fund, all Shares of such Fund the Month of Original Purchase of which occurs on or after the Distributor Inception Date and on or prior to the Distributor Last Sale Cut-off Date in respect of such Fund.
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Distributor Shares. - means Shares in respect of which net income is to be distributed and which represents, subject to the Articles, an interest in such number (including fractions) of undivided parts in the net assets of the Fund to which it relates.
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Examples of Distributor Shares in a sentence

  • Clause (C) sets forth the rules to be followed by the Transfer Agent for each Fund and the record owner of each Omnibus Account in determining what portion of the Asset Based Sales Charge (as hereinafter defined) payable in respect of each class of Shares of such Fund and what portion of the CDSC (as hereinafter defined) payable by the holders of Shares of such Fund is attributable to Distributor Shares and Post-distributor Shares, respectively.

  • Clause (B) sets forth the rules to be followed by the Transfer Agent for each Fund and the record owner of each Omnibus Account (as hereinafter defined) in maintaining records relating to Distributor Shares and Post-distributor Shares.

  • For example, the Asset Based Sales Charges attributable to Distributor Shares on any day shall be computed and allocated as follows: A * (B/C) where: A = Total amount of Asset Based Sales Charge accrued in respect of such Shareholder Account (other than an Omnibus Account) on such day.

  • The Transfer Agent shall, based on the records maintained by the record owner of such Omnibus Account, allocate the Asset Based Sales Charge accruing in respect of each Omnibus Account on each day among all Sub-shareholder Accounts reflected in such Omnibus Account on an equal per share basis based upon the total number of Distributor Shares and Post-distributor Shares reflected in each such Sub-shareholder Account as of the close of business on such day.

  • B = Number of Distributor Shares reflected in such Shareholder Account (other than an Omnibus Account) on the close of business on such day C = Total number of Distributor Shares and Post-distributor Shares reflected in such Shareholder Account (other than an Omnibus Account) and outstanding as of the close of business on such day.

  • TRANSFER AGENT PROCEDURES FOR DIFFERENTIATING AMONG DISTRIBUTOR SHARES AND POST-DISTRIBUTOR SHARES Amounts (in respect of Asset Based Sales Charges (as hereinafter defined) and CDSCs (as hereinafter defined) in respect of Shares (as hereinafter defined) of each Fund (as hereinafter defined) shall be allocated between Distributor Shares (as hereinafter defined) and Post-distributor Shares (as hereinafter defined) of such Fund in accordance with the rules set forth in clauses (B) and (C).

  • Clause (B) sets forth the rules to be followed by the Transfer Agent for each Fund and the record owner of each Omnibus Account (as hereinafter defined) in maintaining records relating to Distributor Shares and Post- distributor Shares.

Related to Distributor Shares

  • licensed distributor means any holder of a distribution licence.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Distributor means a person who distributes.

  • Masterworks Shares has the meaning set forth in Section 2.8(c).

  • Net Shares has the meaning provided in Section 2.12 hereof.