Unit NAV definition

Unit NAV means the NAV of the relevant Fund divided by the number of Units in that Fund in issue from time to time (and at any relevant time) calculated in accordance with this Prospectus.
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Unit NAV means the Net Asset Value of a Unit, being the Net Asset Value of the
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Unit NAV means the net asset value of a Unit, as calculated in accordance with Paragraphs 5.6 and 5.7.
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Examples of Unit NAV in a sentence

  • Pursuant to allotment of Bonus Units, the per Unit NAV would fall in proportion to the Bonus Units allotted and as a result the total value of Units held by the Unitholder would remain the same.

  • Accordingly, the Fund’s Units may be traded at a value that is higher or lower than the Fund’s Net Asset Value per Unit (NAV).

  • The NAV, NAV per Unit, NAV per Class A Share and net asset value per Preferred Share are available to the public at no cost by calling 1-866-642-6001 and the NAV per Unit, NAV per Class A Share and net asset value per Preferred Share are available on the Manager’s website at www.bromptongroup.com.

  • Each Unit willparticipate in the income and capital of the Fund on a pro rata basis having regard to its relevant Unit NAV relative to the Unit NAV of each other Unit.The Unit NAV of a class of Units (and therefore their respective entitlements) will be adjusted having regard to the costs, fees and expenses attributable to that class.

  • Instead of having a numerical list of stocks traded on a market they will be indexed by their symbol, which is unique across all markets.

  • The NAV, NAV per Unit, NAV per Class A Share and net asset value per Preferred Share are calculated in Canadian dollars.

  • Consequently, the Fund’s Units may be traded at a value that is higher or lower than the Fund’s Net Asset Value per Unit (NAV).

  • EQUITY- SECTORAL FUND OptionNAV (`)Record DateDividend (in `/Unit) NAV (`) PORTFOLIOStock Name(%) Of Total AUMEquity SharesInfosys Ltd.HCL Technologies Ltd.

  • The Net Asset Value and the Unit NAV will be communicated to investors every month.

  • Credit Strategy Investment NAV means, on any day, the product of the Credit Strategy Unit NAV and the Current Number of Credit Strategy Units on that day.


More Definitions of Unit NAV

Unit NAV. The Fund's total net assets, including without limitation investments, cash, accrued interest receivable and any other category of assets, less its liabilities including any obligations (whether present or future, contingent or otherwise, as principal or surety or otherwise) as calculated on a per share basis and reported by the Fund and by Bank of Bermuda (the "Custodian") in accordance with U.S. GAAP. Provided, that on any Valuation Date, if the Fund has suspended reporting Unit NAV, then the Calculation Agent shall determine Unit NAV.
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Unit NAV. The Fund’s total net assets, including without limitation investments, cash, accrued interest receivable and any other category of assets, less its liabilities including any obligations (whether present or future, contingent or otherwise, as principal or surety or otherwise) as calculated on a per share basis and reported by the Fund and by Bank of Bermuda (the “Custodian”) in accordance with U.S. GAAP. Provided, that on any Valuation Date, if the Fund has suspended reporting Unit NAV, then the Calculation Agent shall determine Unit NAV. Maximum Notional Amount: USD 160,000,000 Equity Value: With respect to any Business Day other than a final Quarterly Valuation Date, the product of (a) Unit NAV and (b) the Number of Shares. On a final Quarterly Valuation Date, the Equity Value shall be the higher of (i) the highest bid price received by the Calculation Agent after soliciting bids from (A) at least three nationally recognized broker / dealers and, (B) at the Counterparty’s option, the Counterparty or (ii) the Redemption Amount (as defined below). For this purpose, if Shares submitted by CIBC for redemption are not redeemed by the Fund, the Calculation Agent shall determine the Unit NAV. Capped Equity Value: The lesser of the Maximum Notional Amount and the Equity Value. Equity Notional Amount: Initially, USD 150,000,000, subject to adjustment on each Quarterly Valuation Date and Mandatory Redemption Date so that the Equity Notional Amount equals the Capped Equity Value on such Quarterly Valuation Date and Mandatory Redemption Date subject to adjustment as provided below under Adjustments.
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Unit NAV means the fair value NAV of a Unit;
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Related to Unit NAV

  • Class I renewable energy means electric energy produced from

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • GP means Gottbetter & Partners, LLP.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • Class II renewable energy means electric energy produced at a

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • PJM Interconnection, L.L.C. or "PJM" means the privately-

  • Fossil fuel-fired means, with regard to a unit:

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.