Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the Statement) each will be met.
Appears in 8 contracts
Sources: Purchase Agreement (Blackrock Preferred Opportunity Trust), Purchase Agreement (Blackrock Municipal Income Trust Ii), Purchase Agreement (Pioneer Floating Rate Trust)
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the StatementStatement of Preferences) each will be met.
Appears in 6 contracts
Sources: Purchase Agreement (Clough Global Equity Fund), Purchase Agreement (Clough Global Allocation Fund), Purchase Agreement (Reaves Utility Income Fund)
Asset Coverage. As of the Closing Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the StatementArticles Supplementary) each will be met.
Appears in 1 contract
Sources: Purchase Agreement (Duff & Phelps Utility & Corporate Bond Trust Inc)
Asset Coverage. As of the Closing C▇▇▇▇▇▇ Date and assuming the receipt of the net proceeds from the sale of the AMPS, the Investment Company Act Preferred Shares Asset Coverage and the Preferred Shares Basic Maintenance Amount (each as defined in the Statement) each will be met.
Appears in 1 contract
Sources: Purchase Agreement (Pioneer Tax Advantaged Balanced Trust)