Examples of Unaffiliated Trustee in a sentence
When an Access Person begins employment with Calamos or becomes an Unaffiliated Trustee, such person must within 10 days disclose on an Initial Securities Holdings Form all investment or brokerage accounts and Covered Securities in which he or she has a Beneficial Ownership Interest, if any.
The Board of Trustees of any investment company for which Calamos Advisors LLC is the investment adviser (each, a “Fund”) will determine what action is appropriate for any breach of the provisions of the Code by an Outside Trustee or Unaffiliated Trustee, which may include removal from the Board.
Trading Policies and Procedures for CAM Securities • No Outside Trustee nor Unaffiliated Trustee many own, directly or indirectly, a Beneficial Ownership Interest in any CAM securities.
In addition, for each account established by an Access Person or Unaffiliated Trustee in which any securities were held during the quarter for the direct or indirect benefit of the Access Person or Unaffiliated Trustee, the quarterly report shall include: • the name of the broker, dealer, custodian or bank with whom the account was established; • the date the account was established; • the account number; and • the date the report is submitted.
The provisions of the Adviser’s Code of Ethics are hereby adopted as the Code of Ethics of each Fund applicable only to officers and trustees of the Fund who are Interested Persons of the Adviser or the Distributor (other than an Unaffiliated Trustee).
The Chief Compliance Officer shall provide a written report of counsel’s determination to the Board of Trustees for such further action and sanctions as said Board deems appropriate, which sanctions may in the Board’s discretion include removal of the Independent Trustee or Unaffiliated Trustee.
Vacancies (including vacancies created by increases in the number of Trustees) may be filled for the unexpired term by the remaining Trustee or by a majority of the remaining Trustees (which majority shall include a majority of the remaining Trustees that are Unaffiliated Trustees if the vacant position was formerly held by an Unaffiliated Trustee).
If a member of a Trustee's immediate family could not be an Unaffiliated Trustee, such Trustee shall not be considered an Unaffiliated Trustee.
Unaffiliated Trustee" shall mean a Trustee who (i) is not an officer or employee of the Trust or any Affiliated Person of the Trust, and (ii) who performs no services for the Trust or any Affiliated Person of the Trust except in his capacity as a Trustee.
All impairment losses in respect of these investments are recognized in profit or loss and can not be reversed.