Common use of Scale of investment Clause in Contracts

Scale of investment. Upon a reasonable request by an Acquired Fund, the Acquiring Fund will provide summary information regarding the anticipated timeline of investments in the Acquired Fund by the Acquiring Fund, its “advisory group” and any Account and the scale of the contemplated investments in the Acquired Fund by the Acquiring Fund, its “advisory group” and any Account. The Acquired Fund acknowledges and agrees that any summary information provided pursuant to the foregoing is not a commitment to purchase the Acquired Fund shares in any amount, nor a limitation thereof, and constitutes an estimate that may differ materially from the amount, timing and manner in which the Acquiring Fund may acquire shares of the Acquired Fund, if at all. The Acquired Fund agrees to treat any information provided by the Acquiring Fund under this provision confidentially and to use such information only for purposes contemplated by this Agreement.

Appears in 9 contracts

Samples: Investment Agreement (RiverNorth Managed Duration Municipal Income Fund II, Inc.), 12d1 4 Investment Agreement (Nuveen California Select Tax Free Income Portfolio), Investment Agreement (Nuveen Preferred & Income Opportunities Fund)

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