Examples of Series I Units in a sentence
No sales commission is payable when an investor buys or redeems Series I Units.
The Manager will negotiate the terms of purchase of the Series I Units with each investor, including the management fee and the performance fee that will be paid by the Fund in respect of such investor’s Series I Units.
An investor buying Series I Units must enter into a Series I Unit agreement with the Manager before the investor can buy Series I Units.
In addition to the existing Series A Units, certain Funds are permitted to offer Series A Hedged Units, Advisor Series Units, Advisor Series Hedged Units, Series T4 Units, Series T5 Units, Series T6 Units, Series M Units, Series F Units, Series F Hedged Units, Series F2 Units, Series F4 Units, Series F6 Units, Series D Units, Series I Units, Series NBA Units, Series O Units, Series L Units, Series R Units, Series S Units and/or ClassicSeries Units.
Series A Units are designed for investors who are not eligible to purchase Series F Units or Series I Units.
On January 31, 2018, under the August 8, 2016 short form base shelf prospectus, the REIT issued 5,000,000 Cumulative Minimum Rate Reset Preferred Trust Units, Series I (the "Series I Units") for aggregate gross proceeds of $125,000.
The holders of Series J Units have the right to reclassify their Series J Units to Series I Units on April 30, 2028 and on April 30 every five years thereafter.
The holders of Series I Units have the right to reclassify their Series I Units to Preferred Units, Series J (the "Series J Units"), subject to certain conditions, on April 30, 2023 and on April 30 every five years thereafter.
An unlimited number of Series A Units, Series F Units and Series I Units are being offered hereby on a continuous basis to investors resident in each of the provinces of Canada, other than Québec (the “Offering Jurisdictions”), pursuant to exemptions from the prospectus requirements contained in the securities legislation of the Offering Jurisdictions.
Series I Units may only be purchased by certain Subscribers, in the discretion of the Manager, who have entered into a Series I agreement with the Manager.