Protected NAV per Share definition
Protected NAV per Share means, with respect to any Fund Share Class, (a) as of the Closing Date, 80% of NAV Per Share of such Fund Share Class on the Closing Date, and (b) as of any other Business Day, the greater of (i) 80% of NAV Per Share of such Fund Share Class as of such Business Day, and (ii)(A) the Protected NAV per Share of such Fund Share Class as of the immediately prior Business Day, minus (B) the Extraordinary Items Adjustment per Share for such Fund Share Class as of such Business Day, minus (C) the Dividend Adjustment per Share for such Fund Share Class as of such Business Day.