Manner of Payment. Payment of Shares redeemed or repurchased may at the option of the Trustees or such officer or officers as they may duly authorize for the purpose, in their complete discretion, be made in cash, or in kind, or partially in cash and partially in kind. In case of payment in kind the Trustees, or their delegate, shall have absolute discretion as to what security or securities shall be distributed in kind and the amount of the same, and the securities shall be valued for purposes of distribution at the figure at which they were appraised in computing the net asset value of the Shares, provided that any Shareholder who cannot legally acquire securities so distributed in kind by reason of the prohibitions of the 1940 Act shall receive cash.
Appears in 82 contracts
Samples: Eaton Vance Structured Emerging (Eaton Vance Structured Emerging Markets Premium Income Fund), Eaton Vance (Eaton Vance Preferred Dividend Income Trust), Income 2022 Target Term Trust (Eaton Vance High Income 2022 Target Term Trust)
Manner of Payment. Payment of Shares redeemed or repurchased may at the option of the Trustees or such officer or officers as they may duly authorize for the purpose, in their complete discretion, be made in cash, or in kind, or partially in cash and partially in kind. In case of payment in kind the Trustees, or their delegate, shall have absolute discretion as to what security or securities shall be distributed in kind and the amount of the same, and the securities shall be valued for purposes of distribution at the figure at which they were appraised in computing the net asset value of the Shares, provided that any Shareholder who cannot legally acquire securities so distributed in kind by reason of the prohibitions of the 1940 Act shall receive cash.
Appears in 11 contracts
Samples: Equity Fund Agreement (Highland Premium Long/Short Equity Fund), Agreement and Declaration (Highland Floating Rate Fund), Fund Agreement and Declaration (Highland/U.S. Global Infrastructure Fund)
Manner of Payment. Payment of Shares redeemed or repurchased may at the option of the Trustees or such officer or officers as they may duly authorize for the purpose, in their complete discretion, be made in cash, or in kind, or partially in cash and partially in kind. In case of payment in kind the Trustees, or their delegate, shall have absolute discretion as to what security or securities shall be distributed in kind and the amount of the same, and the securities shall be valued for purposes of distribution at the figure at which they were appraised in computing the net asset value of the Common Shares, provided that any Shareholder who cannot legally acquire securities so distributed in kind by reason of the prohibitions of the 1940 Act shall receive cash.
Appears in 4 contracts
Samples: Eaton Vance (Eaton Vance Advisers Senior Floating Rate Fund), Amended and Restated Agreement (Ev Classic Senior Floating Rate Fund /Ma/), Eaton Vance Prime Rate Reserves (Eaton Vance Prime Rate Reserves)
Manner of Payment. Payment of Shares redeemed or repurchased may repurchased, at the option of the Trustees or such officer or officers as they may duly authorize for the purpose, in their complete discretion, may be made in cash, or in kind, or partially in cash and partially in kind. In case of If payment is made in kind kind, the Trustees, or their delegate, shall have absolute discretion as to what security or securities shall be distributed in kind and the amount of the same, and the securities shall be valued for purposes of distribution at the figure at which they were appraised in computing the net asset value of the Shares, provided that any Shareholder who cannot legally acquire securities so distributed in kind by reason of the prohibitions of the 1940 Act shall receive cash.
Appears in 1 contract
Samples: Highland Capital Fixed Income Fund
