Equity Income Funds definition
Examples of Equity Income Funds in a sentence
For the Asset Allocation and Equity Income Funds, that the Absolute Waiver Period will be two years from the closing of the Reorganization.
The period for which a representation, warranty, covenant or agreement survives shall be referred to hereinafter as the "Survival Period." Notwithstanding anything set forth in the immediately preceding sentence, the Equity Income Fund's and the Balanced Fund's right to seek indemnity pursuant to this Agreement shall survive for a period of ninety (90) days beyond the expiration of the Survival Period of the representation, warranty, covenant or agreement upon which indemnity is sought.
The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by the Equity Income Fund's Board of Trustees, no other corporate acts or proceedings by the Equity Income Fund are necessary to authorize this Agreement and the transactions contemplated herein.
There are no contingent liabilities of the Equity Income Fund not disclosed in the financial statements delivered pursuant to Sections 5C and 5D which would materially affect the Equity Income Fund's financial condition, and there are no legal, administrative, or other proceedings pending or, to its knowledge, threatened against the Equity Income Fund which would, if adversely determined, materially affect the Equity Income Fund's financial condition.
The shares of beneficial interest of the Equity Income Fund to be issued pursuant to Section 1 hereof 10 11 have been duly authorized and, when issued in accordance with this Agreement, will be validly issued and fully paid and non-assessable by the Equity Income Fund and conform in all material respects to the description thereof contained in the Equity Income Fund's Prospectus furnished to the Balanced Fund.
Unless waived, the Assets, as set forth in Schedule 1, as amended, shall consist solely of cash and marketable securities which are in conformity with the Equity Income Fund's investment objectives, policies and restrictions as set forth in the Equity Income Fund's Prospectus, a copy of which has been delivered to the Balanced Fund.
The Trust shall have provided for delivery as of the Closing of those Net Assets of the Acquired Fund to be transferred to the Decatur Equity Income Fund's Custodian, JPMorgan Chase Bank, 4 Chase Metrotech Center, Brooklyn, NY 11245.
The Balanced Fund covenants to use all reasonable efforts to cooperate with the Equity Income Fund and the Equity Income Fund's transfer agent in the distribution of said shares.
For the services provided, the Adviser will pay ------------ the Portfolio Manager a fee accrued and computed daily and, payable monthly, based on the average daily net assets of the Fund at the annual rate of .45% of the average daily net assets of the NFJ Diversified Low P/E and NFJ Equity Income Funds and .60% of the average daily net assets of the NFJ Small Cap Value Fund.
The Equity Income Fund's is in compliance in all material respects with the 1940 Act and the rules and regulations thereunder.