Class T Shares. In accordance with the Plan, the Trust in respect of each Fund shall pay to the Distributor or, at the Distributor’s direction, to a third party, monthly in arrears on or prior to the third business day of the following calendar month, a fee (the “Class T Distribution Fee” and, collectively with the Class A Distribution Fee, Class B Distribution Fee, Class C Distribution Fee, and Class R Distribution Fee, the “Distribution Fees”) equal to the average daily net assets of Class T Shares multiplied by that portion of 0.25% that the number of days in the month bears to 365.
Class T Shares. (i) The public offering price of Class T shares shall be based on the net asset value per share (as determined by the Fund) of the outstanding Class T shares of the Fund. The net asset value of Class T shares shall be regularly determined on every business day as of the time of the regular closing of the New York Stock Exchange (“NYSE”) and the offering price based upon such net asset value shall become effective as set forth from time to time in the Fund’s current Prospectus; such net asset value shall also be regularly determined, and the offering price based thereon shall become effective, as of such other times for the regular determination of net asset value as may be required or permitted by rules of FINRA, or of the SEC. The Fund shall furnish daily to the Underwriter, with all possible promptness, a detailed computation of net asset value of its Class T shares.
Class T Shares. Virtus Multi-Sector Short Term Bond Fund only Dealer Concession: 1% CDSC: 1% for one year from the date of each purchase. Service Fee: 0.25% For providing shareholder services such as responding to shareholder inquiries; processing redemptions; changing dividend options, account designations, and addresses; transmitting proxy statements, annual reports, prospectuses and other correspondence from the Funds to shareholders; and providing such other information and assistance to shareholders as may be reasonably requested by such shareholders, VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.25% annually, based on the average daily net asset value of Class T shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class T Service Fee is paid beginning in the 13th month following each purchase. See below for Terms and Conditions for Service and Distribution Fees.
Class T Shares. The following provisions are hereby incorporated and made part of the Distributor’s Contract dated the 1st day of March, 1993 between Federated High Income Bond Fund (the “Corporation”) and Federated Securities Corp. (“FSC”) with respect to the Class T Shares set forth above.
Class T Shares. Up to 3.00% (As set forth in the Registration Statement, including the Prospectus, filed with the SEC and in effect at the time of sale of such Shares.) DISTRIBUTION FEE:
Class T Shares. Except as may be provided in the “Plan of Distribution” section of the Prospectus, which may be amended and supplemented from time to time, as Dealer Manager you shall receive the following selling commissions from the Sponsor, based on each Class T Share sold by you or the Dealers to investors in the Company whose subscriptions for Shares are accepted by the Company: Selling Commissions Paid by the Sponsor Distribution Channel Primary Offering Shares DRP Shares Sales through a Dealer earning transaction-based compensation 3.0 % 0.0 % * Except as set forth herein or in the “Plan of Distribution” section of the Prospectus (as amended and supplemented), the Dealer Manager will reallow all of its selling commissions attributable to a Dealer. The Sponsor may, at its discretion and upon thirty (30) days’ notice to the Dealer Manager and the Company, terminate its obligation to pay selling commissions in connection with the sale of Class T Shares following the end of such thirty (30) day notice period. In the event that the Sponsor provides such notice, the Dealer Manager shall receive the following selling commissions from the Company following the end of such thirty (30) day notice period based on each Class T Share sold by the Dealer Manager or the Dealers to investors in the Company: Selling Commissions Paid by the Company Distribution Channel Primary Offering Shares DRP Shares Sales through a Dealer earning transaction-based compensation 3.0 % 0.0 % Except as described in the immediately preceding paragraph, (i) the Company shall have no obligation whatsoever to pay any selling commissions in connection with sales of Class T Shares (ii) the Company shall not be subject to any losses, claims, expenses (including the reasonable legal and other expenses incurred in investigating and defending any such claims or liabilities), damages or liabilities whatsoever with respect to any selling commissions in connection with the sale of Class T shares and (iii) neither the Dealer Manager nor any Dealer shall bring any action, suit or other proceeding against the Company or any of its Resource Securities, Inc. 6 Dealer Manager Agreement assets with respect to any selling commissions in connection with the sale of Class T shares, including without limitation, any proceeding claiming nonpayment of selling commissions by the Sponsor.
Class T Shares. Shares of the Company’s $0.01 par value common stock that have been designated as Class T.
Class T Shares. Subject to the terms of the Agreement, including without limitation Sections IV, V and VI of the Agreement, the Dealer Manager shall reallow or advance to the Dealer 100% of the Distribution Fees received by the Dealer Manager with respect to Class T Shares sold by the Dealer in the primary offering until such time as the Dealer has received aggregate Distribution Fees with respect to such Class T Shares equal to ___% of the aggregate purchase price of all shares at the time of purchase of such Class T Shares. The reallowance of Distribution Fees to the Dealer is subject to the limitations set forth in Section IV of the Agreement and shall cease upon the earliest to occur of certain events, as described in Section IV of the Agreement. The Dealer Manager will pay the Distribution Fees to the Dealer monthly in arrears. Notwithstanding anything to the contrary contained in this Schedule, the Dealer affirms that the Dealer Manager’s liability for payment of the Distribution Fees to the Dealer is limited solely to the Distribution Fees received by the Dealer Manager from the Company associated with the Dealer’s sale of Class T Shares and/or Class W Shares. The parties agree that the underwriting compensation payable with respect to Class T Shares sold by the Dealer pursuant to this Agreement shall be paid in accordance with Exhibit A attached hereto.
Class T Shares. Subject to the terms of the Agreement, including without limitation Sections IV, V and VI of the Agreement, the Dealer Manager shall reallow to the Dealer 100% of the Distribution Fees received by the Dealer Manager with respect to Class T Shares sold by the Dealer in the primary offering until such time as the Dealer has received aggregate Distribution Fees with respect to such Class T Shares equal to % of the aggregate purchase price of all shares at the time of purchase of such Class T Shares. The Dealer Manager will pay the Distribution Fees to the Dealer monthly in arrears. Notwithstanding anything to the contrary contained in this Schedule, the Dealer affirms that the Dealer Manager’s liability for payment of the Distribution Fees to the Dealer is limited solely to the Distribution Fees received by the Dealer Manager from the Company associated with the Dealer’s sale of Class T Shares and/or Class W Shares.
Class T Shares. Virtus Multi-Sector Short Term Bond Fund only Dealer Concession: 1% CDSC: 1% for one year from the date of each purchase. Service Fee*: 0.25% For providing shareholder services such as responding to shareholder inquiries; processing redemptions; changing dividend options, account designations, and addresses; transmitting proxy statements, annual reports, prospectuses and other correspondence from the Funds to shareholders; and providing such other information and assistance to shareholders as may be reasonably requested by such shareholders, VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.25% annually, based on the average daily net asset value of Class T shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class T Service Fee is paid beginning in the 13th month following each purchase. Distribution Fee: 0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class T shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class T Distribution Fee is paid beginning in the 13th month following each purchase. Class X and Y Shares Virtus Institutional Bond Fund Only Finder’s Fee: 0.10%—0.50% VPD may pay dealers, from its own profits and resources, a percentage of the net asset value of Class X and Class Y shares sold, equal to 0.50% on the first $5 million, 0.25% on the next $5 million, plus 0.10% on the amount in excess of $10 million. If all or part of such purchases are subsequently redeemed within one year of the investment date, the dealer will refund to VPD the full Finder’s Fee paid. Class Y Service Fee*: 0.25% For providing shareholder services, VPD intends to pay qualifying dealers a quarterly fee at the equivalent of 0.25% annually, based on the average daily net asset value of Class Y shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. Dealers must have an aggregate value of $50,000 or more in a Fund to qualify for payment in that Fund. No Service Fee is paid on any Class X shares.
