Common use of Sales of Shares by the Fund Clause in Contracts

Sales of Shares by the Fund. The Distributor will promptly transmit any orders received by it for purchase or exchange of the Shares to the Fund’s transfer agent. In addition to sales by the Distributor, the Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split or to sell shares to its shareholders or other persons at not less than net asset value to the extent that the Fund, its officers, or other persons associated with the Fund that participate in the sale, or to the extent that the Fund or its transfer agent for its Shares receive purchase requests for Shares.