5HJXODWLQJ WKH +DUYHVW Zitsanzo za Migwirizano

5HJXODWLQJ WKH +DUYHVW. HQWUDO WR WKH IXQFWLRQLQJ RI WKH WLPEHU WHQXUH V\VWHP LV WKH PDQQHU LQ ZKLFK SHUPLVVLEOH KDUYHVW UDWHV DUH GHWHUPLQHG, GLVWULEXWHG DPRQJ RSHUDWRUV DQG PRQLWRUHG.7KH PD[LPXP UDWH RI KDUYHVW LV GHWHUPLQHG IRU HDFK PDQDJHPHQW XQLW. 7KH &KLHI )RUHVWHU LV UHVSRQVLEOH IRU GHWHUPLQLQJ WKH DOORZDEOH DQQXDO FXW ($$&) IRU WKH ODUJHU PDQDJHPHQW XQLWV LQ WKH SURYLQFH; 37 WLPEHU VXSSO\ DUHDV DQG 34 WUHH IDUP OLFHQFHV. :RRGORW OLFHQFHV DQG FRPPXQLW\ IRUHVWV DUH VPDOOHU XQLWV ZLWK WKHLU RZQ KDUYHVW UDWHV GHWHUPLQHG WKURXJK D PDQDJHPHQW SODQ SURFHVV.2QFH WKH $$& LV GHWHUPLQHG IRU D WLPEHU VXSSO\ DUHD, WKH YROXPH LV GLVWULEXWHG RU³DSSRUWLRQHG´ E\ WKH 0LQLVWHU RI )RUHVWV DPRQJ YDULRXV IRUPV RI DJUHHPHQW WKDW VKDUH ULJKWV ZLWKLQ WKH WLPEHU VXSSO\ DUHD. ,I WKH YROXPH DSSRUWLRQHG WR D IRUP RI DJUHHPHQW LV DOUHDG\ IXOO\ FRPPLWWHG WR WKDW IRUP RI DJUHHPHQW, QR QHZ OLFHQFHV RI WKDW W\SH ZRXOG EH FRQVLGHUHG. :KHUH YROXPH LV DSSRUWLRQHG EXW QRW IXOO\ FRPPLWWHG, QHZ WHQXUH RSSRUWXQLWLHV PD\ EH RIIHUHG. $QRWKHU VRXUFH RI QHZ WHQXUHV LV XQGHUFXW IURP OLFHQFHV WKDW GLG QRW XWLOL]H WKH YROXPH DYDLODEOH WR WKHP GXULQJ WKHLU FXW FRQWURO SHULRG.