Examples of ICAV in a sentence
In the event of the AIFM desiring to retire or being removed from office or ceasing to be authorised as an AIFM, the ICAV shall use reasonable endeavours to find an entity willing to act as AIFM who must be authorised to act as AIFM and upon doing so the ICAV shall appoint such entity to be AIFM in place of the former AIFM.
TAXATIONUnder current law and practice the ICAV qualifies as an investment undertaking as defined in Section 739B of the Taxes Consolidation Act 1997 (as amended).
The Shareholders may obtain a copy of the Instrument of Incorporation of the ICAV (as amended from time to time) free of charge, upon request at the registered office of the Administrator.
Investors’ attention is also drawn to the sections in the Prospectus headed “Fees and Expenses” - “Management Fees”.Investment Management Fees: The ICAV shall pay the Investment Manager out of the assets of the Fund thefollowing annual investment management fee, exclusive of VAT, in respect to each Class.
On such deemed disposal, the ICAV will account for Irish tax in respect of the increase in value (if any) of those Shares over that eight year period.