Common use of Distributed Clause in Contracts

Distributed. The realised profit of the UCITS is composed of net income and net realised capital gains. Net income is composed of interest and/or dividend income and other or miscellaneous income less expenses. For share classes which have an annual distribution, any distributions will be made within four months after end of the financial year. For share classes which have a quarterly distribution, any distributions will be made within one month after end of respective quarter. The management company determines the final distribution amount per share. The distributions will be allocated to the respective share class. Distribu- tions shall be paid out on the shares issued on the distribution date. From the time of their maturity, no interest shall be paid on declared distributions.