Common use of Dividend Policy Clause in Contracts

Dividend Policy. It is not the intention of the Board of Directors of the Company to make distributions of net income by the way of dividends. Any net income will be accumulated and reflected in the Fund’s Net Asset Value.

Appears in 5 contracts

Sources: Private Placement Memorandum Supplement, Private Placement Memorandum Supplement, Private Placement Memorandum Supplement

Dividend Policy. It is not the intention of the Board board of Directors directors of the Company to make distributions of net income by the way of dividends. Any net income will be accumulated and reflected in the Fund’s Net Asset Value. Should the board decide to make distributions the amount and distribution date will be communicated to investors.

Appears in 1 contract

Sources: Private Placement Memorandum Supplement

Dividend Policy. It is not the intention of the Board of Directors of the Company to make distributions of net income by the way of dividends. Any net income will be accumulated and reflected in the Fund’s Net Asset Value. Should the Board decide to make distributions the amount and distribution date will be communicated to investors.

Appears in 1 contract

Sources: Private Placement Memorandum Supplement