multi-class fund definition
multi-class fund means a Class Q Scheme which provides that the contributions of investors and the profits or income out of which payments are to be made to them are pooled in separate parts of the property and that investors in each separate part do not generally have the ability to exchange rights in one part for rights in another;
multi-class fund means an investment entity which contains more than one asset class, thus creating a group or portfolio of assets; “multi-manager fund” means a single investment entity which employs more than one investment manager each of which carries out investment activities in different assets, geographies or using different strategies; “Mutual Funds and Hedge Funds Act” means the Seychelles Mutual Funds and Hedge Funds Act 2008 (as amended) and any subsequent revisions thereof; “non-executive director” means a person who is appointed as a director of a company that is not in its full-time employ; “notice” or “notification” means information imparted by MERJ Exchange in printed or electronic form to Sponsor Advisors or MERJ issuers (or vice versa) on matters pertaining to these Listing Rules; “off-market trade” means a trade in a listed security that is not matched on the MERJ Exchange ATS that is subsequently reported and accepted on the MERJ Exchange ATS; “offer” or “offered” or “offering” means an offer of securities in any way which includes an invitation to subscribe for or to purchase these securities; “offer for sale” is an invitation to the general public by or on behalf of the holders of securities to purchase securities of the issuer already in issue or agreed to be subscribed; “offer for subscription” is an invitation to the general public by or on behalf of an issuer to subscribe securities of the issuer not yet in issue or allotted; “officer” means any director, manager or other person appointed in an executive capacity thereof; “Official Notice” means notification of one or more subsequent documents or additional information published by an issuer subsequent to publication of its Listing Particulars; “open-ended fund” means an investment entity, the units of which are, at the holder’s request, repurchased or redeemed directly or indirectly out of the assets of the investment entity.Where the rules of a closed-ended fund provide that the investment entity must take action to ensure that its units do not materially differ (i.e. does not allow a variance greater than 5%) from the net asset value, it shall betreated as an open-ended fund;
multi-class fund means a UIT Fund structure which has more than one