DRP Price definition

DRP Price means the price at which DRP Issued Units will be issued or acquired under this DRP. It is calculated based on the actual calculated NAV price of the Active ETF as at the end of the Distribution Entitlement Date, less the distribution entitlement per unit. There would normally be no buy/sell spread associated with reinvestment because the assets remain invested in the Fund. The DRP price is rounded to four decimal places.
View Source

Examples of DRP Price in a sentence

  • If the Company achieves a High level of performance, the Executive will be awarded Long Term Grant Restricted Stock shares the number of which will be equal in value to twenty (20%) percent of Executive’s Base Salary for the relevant period calculated by dividing the twenty (20%) percent figure by the greater of (i) $10.00 or (ii) the DRP Price or (iii) the traded market price.

  • If the Company achieves a Target level of performance, the Executive will be awarded Long Term Grant Restricted Stock shares the number of which will be equal in value to fifteen (15%) percent of Executive’s Base Salary received by Executive for the relevant period calculated by dividing the fifteen (15%) percent figure by the greater of (i) $10.00 or (ii) the DRP Price or (iii) the traded market price.