Master Feeder Structure. If permitted by the 1940 Act, the Board of Trustees, by vote of a majority of the Trustees, and without a Shareholder vote, may cause the Trust or any one or more Series to convert to a master feeder structure (a structure in which a feeder fund invests all of its assets in a master fund, rather than making investments in securities directly) and thereby cause existing Series of the Trust to either become feeders in a master fund, or to become master funds in which other funds are feeders.
Master Feeder Structure. If permitted by the 1940 Act or any exemptive order issued by the Commission or a rule or interpretation that may be adopted or issued by the Commission upon which the Trust or any Series relies, the Board of Trustees, by vote of a majority of the Trustees, and without a Shareholder vote, may cause the Trust or any one or more Series to convert to a master feeder structure (a structure in which a feeder fund invests all of its assets in a master fund, rather than making investments in securities directly) and thereby cause existing Series of the Trust to either become feeders in a master fund, or to become master funds in which other funds are feeders.
Master Feeder Structure. The Fund may, at the discretion of the Board, as may be permitted by the 1940 Act, and upon the resolution of a majority of the then Managers, convert to a master-feeder structure, in which the feeder fund invests all of its assets into a master fund, rather than making investments in securities directly. Existing Series of the Fund may either become feeders into a master fund, or themselves become master funds into which other funds may be feeders.
Master Feeder Structure. If permitted by the 1940 Act, the Board of Trustees, by vote of a majority of the Trustees, and without a Shareholder vote, may cause the Trust or any one or more Series to convert to a master feeder structure (a structure in which a feeder fund invests all of its assets in a master fund, rather than making investments in securities directly) and thereby cause existing Series of the Trust to either become feeders in a master fund, or to become master funds in which other funds are feeders. Section 4. Absence of Appraisal or Dissenters' Rights. No Shareholder shall be entitled, as a matter of right, to relief as a dissenting Shareholder in respect of any proposal or action involving the Trust or any Series or any Class thereof. ARTICLE IX
Master Feeder Structure. 34 Section 4. Absence of Appraisal or Dissenters’ Rights..................................................... 34
Master Feeder Structure. As permitted by the 1940 Act, and pursuant to a resolution of a majority of the Directors, the Master Fund forms part of a master-feeder structure, in which feeder funds may invest all of their assets into the Master Fund, rather than making investments in Securities directly.
Master Feeder Structure. 31 SECTION 4. ABSENCE OF APPRAISAL OR DISSENTERS' RIGHTS...............31 ARTICLE IX. AMENDMENTS...................................................31
Master Feeder Structure. 31 SECTION 4. ABSENCE OF APPRAISAL OR DISSENTERS' RIGHTS.................31
Master Feeder Structure. The Trust may, at the discretion of the Board of Trustees, as may be permitted by the 1940 Act, and upon the resolution of a majority of the then Trustees, convert to a master-feeder structure ., in which the feeder fund invests all of its assets into a master fund, rather than making investments in securities directly. Existing Series of the Trust may either become feeders into a master fund, or themselves become master funds into which other funds may be feeders.
Master Feeder Structure. If permitted by the 1940 Act, the Board of Trustees, by vote of a majority of the Trustees, and without a Shareholder vote, may cause the Trust or any one or more Series to convert to a master feeder structure (a structure in which a feeder fund invests all of its assets in a master fund, rather than making investments in securities directly) and thereby cause existing Series of the Trust to either become feeders in a master fund, or to become master funds in which other funds are feeders. Any such conversion shall require approval by vote of the Board of Trustees and/or the Shareholders of the Trust or the particular Series, as applicable, as set forth in Section 1 of this Article VIII.
