Common use of Illustrative Example Clause in Contracts

Illustrative Example. For illustrative purposes only, below is a hypothetical example of the calculation of the aggregate vote of the trust for Underlying Share Proposal A (with three Proposal Choices of “For,” “Against” or “Abstain”). Assuming the Fractional Vote Share of the Dividend Certificate is 0.125, the Fractional Vote Share of the Asset Certificate is 0.875, and the aggregate votes cast by Trust Certificate holders are as outlined in the table below: For 430,000 325,000 Against 100,000 125,000 Abstain 737 2,100 Non-Votes 69,263 147,900 Total Certificates Outstanding (same as Total Underlying Shares held by the Trust) 600,000 600,000 ● The Vote Totals for the Dividend Certificates would be “For” 53,750 (430,000 x 0.125), “Against” 12,500 (100,000 x 0.125), and “Abstain” 92 (737 x 0.125, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Vote Totals for the Asset Certificates would be “For” 284,375 (325,000 x 0.875), “Against” 109,375 (125,000 x 0.875), and “Abstain” 1,837 (2,100 x 0.875, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Aggregate Voting Proportion for each Proposal Choice for this hypothetical Underlying Share Proposal A: “For” = 73.20% ((53,750 + 284,375)/(53,750 + 12,500 + 92 + 284,375 + 109,375 + 1,837)), “Against” = 26.38% ((12,500 + 109,375)/461,929), and “Abstain” = 0.42% ((92 + 1,837)/461,929). Non-votes are not taken into account in calculating Aggregate Voting Proportions. ● If the Trust held a total of 600,000 Underlying Shares, for Underlying Share Proposal A, the Trust would vote 439,200 Underlying Shares as “For” (73.20% x 600,000), 158,280 Underlying Shares as “Against” (26.38% x 600,000), and 2,520 Underlying Shares as “Abstain” (0.42% x 600,000).

Illustrative Example. For illustrative purposes only, below is a hypothetical example of the calculation of the aggregate vote of the trust for Underlying Share Proposal A (with three Proposal Choices of “For,” “Against” or “Abstain”). Assuming the Fractional Vote Share of the Dividend Certificate is 0.125, the Fractional Vote Share of the Asset Appreciation Certificate is 0.875, and the aggregate votes cast by Trust Certificate holders are as outlined in the table below: For 430,000 325,000 Against 100,000 125,000 Abstain 737 2,100 Non-Votes 69,263 147,900 Total Certificates Outstanding (same as Total Underlying Shares held by the Trust) 600,000 600,000 ● The Vote Totals for the Dividend Certificates would be “For” 53,750 (430,000 x 0.125), “Against” 12,500 (100,000 x 0.125), and “Abstain” 92 (737 x 0.125, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Vote Totals for the Asset Appreciation Certificates would be “For” 284,375 (325,000 x 0.875), “Against” 109,375 (125,000 x 0.875), and “Abstain” 1,837 (2,100 x 0.875, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Aggregate Voting Proportion for each Proposal Choice for this hypothetical Underlying Share Proposal A: “For” = 73.20% ((53,750 + 284,375)/(53,750 + 12,500 + 92 + 284,375 + 109,375 + 1,837)), “Against” = 26.38% ((12,500 + 109,375)/461,929), and “Abstain” = 0.42% ((92 + 1,837)/461,929). Non-votes are not taken into account in calculating Aggregate Voting Proportions. ● If the Trust held a total of 600,000 Underlying Shares, for Underlying Share Proposal A, the Trust would vote 439,200 Underlying Shares as “For” (73.20% x 600,000), 158,280 Underlying Shares as “Against” (26.38% x 600,000), and 2,520 Underlying Shares as “Abstain” (0.42% x 600,000).

Illustrative Example. For illustrative purposes only, below is a hypothetical example of the calculation of the aggregate vote of the trust for Underlying Share Proposal A (with three Proposal Choices of “For,” “Against” or “Abstain”). Assuming the Fractional Vote Share of the Dividend Certificate is 0.125, the Fractional Vote Share of the Asset Certificate is 0.875, and the aggregate votes cast by Trust Certificate holders are as outlined in the table below: For 430,000 325,000 Against 100,000 125,000 Abstain 737 2,100 Non-Votes 69,263 147,900 Total Certificates Outstanding (same as Total Underlying Shares held by the Trust) 600,000 600,000 ● The Vote Totals for the Dividend Certificates would be “For” 53,750 (430,000 x 0.125), “Against” 12,500 (100,000 x 0.125), and “Abstain” 92 (737 x 0.125, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Vote Totals for the Asset Certificates would be “For” 284,375 (325,000 x 0.875), “Against” 109,375 (125,000 x 0.875), and “Abstain” 1,837 (2,100 x 0.875, rounded down). Non-votes are not taken into account in calculating Vote Totals. ● The Aggregate Voting Proportion for each Proposal Choice for this hypothetical Underlying Share Proposal A: “For” = 73.20% ((53,750 + 284,375)/(53,750 + 12,500 + 92 + 284,375 + 109,375 + 1,837)), “Against” = 26.38% ((12,500 + 109,375)/461,929), and “Abstain” = 0.42% ((92 + 1,837)/461,929). Non-votes are not taken into account in calculating Aggregate Voting Proportions. ● If the Trust held a total of 600,000 Underlying Shares, for Underlying Share Proposal A, the Trust would vote 439,200 Underlying Shares as “For” (73.20% x 600,000), 158,280 Underlying Shares as “Against” (26.38% x 600,000), and 2,520 Underlying Shares as “Abstain” (0.42% x 600,000).