Management Fee Distribution definition

Management Fee Distribution means an amount equal to the difference between the Management Fees otherwise chargeable by the Manager and a reduced fee determined by the Manager, at its discretion, from time to time, and that is distributed by an ETF quarterly in cash to Unitholders of the ETF who hold large investments in that ETF;
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Management Fee Distribution means a distribution pursuant to Section 16.11.
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Management Fee Distribution shall have the meaning set forth in Section 9.2(h) of this Agreement.
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Examples of Management Fee Distribution in a sentence

  • Summary of Charges and Fees: Current Initial/Sales ChargeCurrent Switching chargeCurrent Redemption/ Sales Exit FeeCurrent Annual Management Fee Distribution Fee Performance fee for funds with equity indices Up to 5.25% Up to 2% Up to 1% Up to 1.50% n/aThe Investment Manager may earn a performance fee if the relevant class exceeds the return of the relevant index by more than the hurdle rate on an annualised basis.

  • Summary of Charges and Fees: Current Initial/Sales ChargeCurrent Switching chargeCurrent Redemption/ Sales Exit FeeCurrent Annual Management Fee Distribution Fee Performance fee for funds with equity indices Up to 1% Up to 2% Up to 1% Up to 0.80% n/aThe Investment Manager may earn a performance fee if the relevant class exceeds the return of the relevant index by more than the hurdle rate on an annualised basis.

  • For each Money Market Fund, the Manager shall determine the amount of the Fund’s net income for a calendar year that accrues each day in the year (excluding net income that becomes payable to Unitholders pursuant to Section 16.11 (Management Fee Distribution)), and the portion of the net income accruing each day that is allocable to each series of Units of the Fund.

  • Summary of Charges and Fees: Current Initial/Sales ChargeCurrent Switching chargeCurrent Redemption/ Sales Exit FeeCurrent Annual Management Fee Distribution Fee Performance fee for funds with equity indices 0% Up to 2% Up to 1% Up to 1.50% Up to 0.75%The Investment Manager may earn a performance fee if the relevant class exceeds the return of the relevant index by more than the hurdle rate on an annualised basis.

  • The net income of the Fund as thus computed as of a day, less the amount of any Management Fee Distribution considered to be payable out of such net income, shall be credited to Participants in the Fund.

  • The net realized capital gains of the Fund as thus computed as of a day less the amount of any Management Fee Distribution considered to be payable out of such net realized capital gains shall be credited to Participants in the Fund.

  • Investors should refer to the Luxembourg Prospectus for other material information relating to the Funds.APPENDIX 1 – FEES, CHARGES AND EXPENSESThe fees, charges and expenses applicable to the Funds are set out in the tables below.In respect of each Fund, the Initial Charge (payable by the Investor), Management Fee, Distribution Fee and Contingent Deferred Sales Charge (“CDSC”) (payable by the Investor where the Directors believe that excessive trading is being practised) are set out as follows.

  • RBC GAM, in its discretion, as contemplated by section 13.1.3, shall determine whether any beneficial owner of Units is entitled to receive any Management Fee Distribution and the amount of such Management Fee Distribution.

  • For purposes of determining the Management Fee, the NAV of the Company and the NAV of the Units will be calculated before giving effect to any accruals for the Management Fee, Distribution Fees, the Performance Allocation (as defined in the Operating Partnership Agreement) or any Distributions payable on Shares or distributions payable on Units.

  • The Manager, in its discretion, shall determine whether any Unitholder is entitled to receive any Management Fee Distribution and the amount of such Management Fee Distribution.


More Definitions of Management Fee Distribution

Management Fee Distribution has the meaning ascribed thereto in section 6.01(3);
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Management Fee Distribution means a distribution pursuant to Section6.6;
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Management Fee Distribution means an amount equal to the difference between the management fee otherwise chargeable and a reduced management fee payable (both amounts being inclusive of sales taxes), which is distributed by the Smart Portfolio to eligible Account(s) and automatically reinvested in additional units of the applicable Smart Portfolio.
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Related to Management Fee Distribution

  • Management Fee shall have the meaning set forth in Section 10(a).

  • Management Fees means, with respect to each Project for any period, an amount equal to the greater of (i) actual management fees payable with respect thereto and (ii) three percent (3%) per annum on the aggregate base rent and percentage rent due and payable under leases at such Project.

  • Share Distribution means a dividend payable in shares of any class or series of capital stock, Convertible Securities or other equity securities of the Corporation or any other Person.

  • Wholesale distribution means distribution of prescription drugs to persons other than consumers or

  • Investment Management Fee means each of the Senior Investment Management Fee, the Subordinated Investment Management Fee and the Incentive Investment Management Fee.

  • Asset Management Fee shall have the meaning set forth in Section 8.03.

  • Cash Distribution means the distribution by the Company to all holders of its Common Stock of cash, other than any cash that is distributed upon a merger or consolidation to which Section 2(h) applies or as part of a distribution referred to in paragraph (4) of Section 2(b).

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Distribution Margin means the DPO’s share of revenue for the Distribution of Subscribed Channels to Subscribers and it does not include Carriage Fee. It will be calculated as twenty percent (20%) of the MRP of the Subscribed Channel(s), multiplied by the Monthly Average Subscriber Level.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • Extraordinary Distribution means any dividend or other distribution (effected while any of the shares of ESOP Preferred Stock are outstanding) (a) of cash, where the aggregate amount of such cash dividend and distribution together with the amount of all cash dividends and distributions made during the preceding period of 12 months, when combined with the aggregate amount of all Pro Rata Repurchases (for this purpose, including only that portion of the aggregate purchase price of such Pro Rata Repurchase which is in excess of the Fair Market Value of the Common Stock repurchased as determined on the applicable expiration date (including all extensions thereof) of any tender offer or exchange offer which is a Pro Rata Repurchase, or the date of purchase with respect to any other Pro Rata Repurchase which is not a tender offer or exchange offer made during such period), exceeds Twelve and One- Half percent (12.5%) of the aggregate Fair Market Value of all shares of Common Stock outstanding on the record date for determining the shareholders entitled to receive such Extraordinary Distribution and (b) any shares of capital stock of the Corporation (other than shares of Common Stock), other securities of the Corporation (other than securities of the type referred to in paragraph I(2)), evidence of indebtedness of the Corporation or any other person or any other property (including shares of any subsidiary of the Corporation), or any combination thereof. The Fair Market Value of an Extraordinary Distribution for purposes of paragraph I(4) shall be the sum of the Fair Market Value of such Extraordinary Distribution plus the amount of any cash dividends which are not Extraordinary Distributions made during such twelve- month period and not previously included in the calculation of an adjustment pursuant to paragraph I(4).