Examples of Scheduled Dividend in a sentence
Extraordinary Dividends: Each dividend or distribution payment (other than any dividend or distribution of the type described in Section 11.2(e)(i) or Section 11.2(e)(ii)(A) or (B) of the Equity Definitions) having an ex-dividend date during the Valuation Period, other than the payment of the Ordinary Dividend Amount on each Scheduled Dividend Date.
For the avoidance of doubt, the rescheduling of a Scheduled Dividend Date to an earlier date shall result in an Ordinary Dividend Amount payable on such rescheduled day becoming an Extraordinary Dividend.
Scheduled Dividend Dates: For each Transaction, as set forth in the Supplemental Confirmation.
Founded 1995 Scheduled Dividend Frequency Quarterly (March, June, September and December) Performance Summary - Class C Shares Per Share Data For the Six Months Ended September 30, 2002 ------------------------------------------- Dividends paid $0.04 ===== Net asset value on 9-30-02 $11.15 3-31-02 11.32 ------ Change per share $(0.17) ====== Past performance is not necessarily indicative of future results.
The Reference Synthetic Bond is a synthetic instrument that will help the Fund to fulfil its objective of safeguarding Shareholders' capital on the Termination Date and to pay a 1% of the Initial Subscription Price dividend on each Scheduled Dividend Payment Date.
The holders of shares of Series C Preferred Stock that convert such shares into shares of Common Stock on or after the First Scheduled Dividend Payment Date shall be entitled to receive any accrued and unpaid dividends thereon, if any, whether or not declared, payable in cash or shares of Common Stock, or any combination thereof, in the sole discretion of the Board of Directors.
On each Scheduled Dividend Payment Date prior to the occurrence of a Trigger Event, the Fund will pay a dividend (the “Scheduled Dividend”) in respect of each Share held by the Relevant Shareholder (as defined in Section 2 above) to such Relevant Shareholder of an amount equal to: 1.98% x Initial Subscription Price For the avoidance of any doubt, an investor must be recorded as a Shareholder as of the Record Date to ensure the right to a dividend payout.
Investment ObjectiveThe Fund’s investment objective is to achieve long term capital appreciation and returns by investing in various assets as described in the Investment Strategy below whilst attempting (1) to safeguard Shareholders’ capital on the Termination Date, (2) to pay the Scheduled Dividends on each Scheduled Dividend Payment Date and (3) to limit the Fund volatility.
If the dividend is to be paid in cash, (i) if the Company has given such notice, the Company shall make such payment on the Scheduled Dividend Payment Date, or (ii) with respect to dividends paid with respect to Converted Shares, on the relevant Delivery Date for the Conversion Shares.
The holders of Series C Preferred Stock shall not be entitled to receive any dividends on any shares of Series C Preferred Stock that are converted into shares of Common Stock prior to the First Scheduled Dividend Payment Date unless such shares of Series C Preferred Stock are converted on or prior to a redemption date by holders of Series C Preferred Stock electing to convert such shares after having received a notice of redemption pursuant to Section 4 hereof.