Common use of Cost Basis Election Clause in Contracts

Cost Basis Election. In order for us to determine the gain or loss when you redeem Units, AMG Funds LLC (“AMG Funds”) must determine the “cost basis” for those shares. The cost basis is the value of each Unit at the time you acquired it. The law requires AMG Funds to select a default method to determine your cost basis. AMG Funds has decided to use what is known as the Average Cost method. Under this method, AMG Funds will calculate the total cost of all Units in your account and divide that cost by the total Units in your account; this will determine the cost basis for the Units that you are redeeming. Please note that you are able to select a different method below if you would prefer it. Note: IRS Regulations do not permit you to change the method used to determine the cost basis of a settled trade. I choose the Fund’s default method of Average Cost I choose a method other than Average Cost: FIFO –First In, First Out (AMG Funds will redeem the oldest available Units first, using their cost basis to determine the gains or losses you incur on the redemption.) Specific Identification (When you redeem Units, you must tell AMG Funds which particular Units you are selling; your gain or loss will vary based on the Units you select.)

Cost Basis Election. In order for us to determine the gain or loss when you redeem Units, AMG Funds LLC (“AMG Funds”) must determine the “cost basis” for those shares. The cost basis is the value of each Unit at the time you acquired it. The law requires AMG Funds to select a default method to determine your cost basis. AMG Funds has decided to use what is known as the Average Cost method. Under this method, AMG Funds will calculate the total cost of all Units in your account and divide that cost by the total Units in your account; this will determine the cost basis for the Units that you are redeeming. Please note that you are able to select a different method below if you would prefer it. Note: IRS Regulations do not permit you to change the method used to determine the cost basis of a settled trade. I choose the Fund’s default method of Average Cost I choose a method other than Average Cost: FIFO –First In, First Out (AMG Funds will redeem the oldest available Units first, using their cost basis to determine the gains or losses you incur on the redemption.) Specific Identification (When you redeem Units, you must tell AMG Funds which particular Units you are selling; your gain or loss will vary based on the Units you select.)) 7.

Cost Basis Election. In order for us to determine the gain or loss when you redeem Units, AMG Funds LLC (“AMG Funds”) must determine the “cost basis” for those shares. The cost basis is the value of each Unit at the time you acquired it. The law requires AMG Funds to select a default method to determine your cost basis. AMG Funds has decided to use what is known as the Average Cost method. Under this method, AMG Funds will calculate the total cost of all Units in your account and divide that cost by the total Units in your account; this will determine the cost basis for the Units that you are redeeming. Please note that you are able to select a different method below if you would prefer it. Note: IRS Regulations do not permit you to change the method used to determine the cost basis of a settled trade. I choose the Fund’s default method of Average Cost I choose a method other than Average Cost: FIFO –First In, First Out (AMG Funds will redeem the oldest available Units first, using their cost basis to determine the gains or losses you incur on the redemption.) Specific Identification (When you redeem Units, you must tell AMG Funds which particular Units you are selling; your gain or loss will vary based on the Units you select.)

Cost Basis Election. In order for us to determine the gain or loss when you redeem Units, AMG Funds LLC (“AMG Funds”) must determine the “cost basis” for those shares. The cost basis is the value of each Unit at the time you acquired it. The law requires AMG Funds to select a default method to determine your cost basis. AMG Funds has decided to use what is known as the Average Cost method. Under this method, AMG Funds will calculate the total cost of all Units in your account and divide that cost by the total Units in your account; this will determine the cost basis for the Units that you are redeeming. Please note that you are able to select a different method below if you would prefer it. Note: IRS Regulations do not permit you to change the method used to determine the cost basis of a settled trade. ☐ I choose the Fund’s default method of Average Cost I choose a method other than Average Cost: ☐ FIFO –First In, First Out (AMG Funds will redeem the oldest available Units first, using their cost basis to determine the gains or losses you incur on the redemption.) ☐ Specific Identification (When you redeem Units, you must tell AMG Funds which particular Units you are selling; your gain or loss will vary based on the Units you select.)

Cost Basis Election. In order for us to determine the gain or loss when you redeem Units, AMG Funds LLC (“AMG Funds”) must determine the “cost basis” for those shares. The cost basis is the value of each Unit at the time you acquired it. The law requires AMG Funds to select a default method to determine your cost basis. AMG Funds has decided to use what is known as the Average Cost method. Under this method, AMG Funds will calculate the total cost of all Units in your account and divide that cost by the total Units in your account; this will determine the cost basis for the Units that you are redeeming. Please note that you are able to select a different method below if you would prefer it. Note: IRS Regulations do not permit you to change the method used to determine the cost basis of a settled trade. ☐ I choose the Fund’s default method of Average Cost I choose a method other than Average Cost: FIFO ☐ FIFO–First In, First Out (AMG Funds will redeem the oldest available Units first, using their cost basis to determine the gains or losses you incur on the redemption.) ☐ Specific Identification (When you redeem Units, you must tell AMG Funds which particular Units you are selling; your gain or loss will vary based on the Units you select.)