Seligman. Financial Services shall nox xxxxxxse Shares from any of the Funds except for the purpose of covering purchase orders already received, and the Dealer shall not purchase Shares of any of the Funds through Seligman Financial Services other thax xxx xxvestment, except for the purpose of covering purchase orders already received.
Seligman. Financial Services shall nxx xxxxxt a conditional order for Shares on any basis other than at a specified definite price. The Dealer shall not, as principal, purchase Shares of any of the Funds from a recordholder at a price lower than the bid price, if any, then quoted by or for the Fund, but the Dealer shall not be prevented from selling Shares for the account of a record owner to Seligman Financial Services, xxx Xund or its redemption agent at the bid price currently quoted by or for such Fund, and charging the investor a fair commission for handling the transaction.
Seligman. Financial Services shall be xxxxxxxx to a contingent deferred sales load ("CDSL") on redemptions within one year of purchase on any Class D Shares sold. With respect to omnibus accounts in which Class D Shares are held at Seligman Data Corp. ("SDC") in the Dxxxxx'x name, the Dealer agrees that by the tenth day of each month it will furnish to SDC a report of each redemption in the preceding month to which a CDSL was applicable, accompanied by a check payable to Seligman Financial Services xx xxxxent of the CDSL due.
Seligman. Financial Services xxxx xxxemnify and hold harmless the Fund, each of its Directors and officers and each person, if any, who controls the Fund within the meaning of the Act, against any losses, claims, damages or liabilities to which the Fund or any such Director, officer or controlling person may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or Prospectus or any sales material not prepared by the Fund which is utilized in connection with the sale of Shares or arise out of or are based upon the omission or the alleged omission to state therein a material fact required to be stated therein or (in the case of the Registration Statement and Prospectus) necessary to make the statements therein not misleading or (in the case of such other sales material) necessary to make the statements therein not misleading in the light of the circumstances under which they were made, in the case of the Registration Statement and Prospectus to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in conformity with written information furnished to the Fund by Seligman Financial Services sxxxxxxxxlly for use therein; and Seligman Financial Services wxxx xxxxburse any legal or other expenses reasonably incurred by the Fund or any such Director, officer or controlling person in connection with investigating or defending any such loss, claim, damage, liability or action. This indemnity agreement will be in addition to any liability which Seligman Financial Services xxx xxxerwise have.
Seligman and, any oxxxx xxxxx(ies) in thx Xxxxxxxxxx xxxxxx rights, title, and interest in and to the Judgment and any Proceeds of the Litigation.
Seligman. COM(1) by the seventh business day following xxxx xxxxx xxx. Calculations assume reinvestment of distributions. Performance data quoted does not reflect the deduction of taxes that an investor may pay on distributions or the redemption of shares. A portion of each Fund's income may be subject to applicable state and local taxes, and any amount may be subject to the federal alternative minimum tax. Capital gain distributions are subject to federal, state and local taxes.
Seligman. Financial Services will fxxxxxx xo the Dealer, without charge, reasonable quantities of the current offering prospectus of each Fund and sales material issued from time to time by Seligman Financial Servixxx.
Seligman. Advisors shall not purchase Shares from any of the Funds except for the purpose of covering purchase orders already received, and the Dealer shall not purchase Shares of any of the Funds through Seligman Advisors other than for investment, except for the purpose xx covering purchase orders already received.
Seligman. Data Corp. does not allocate to Class I the costs ox xxx xx its departments that do not provide services to the Class I shareholders. Costs of Seligman Data Corp. directly attributable to the Retail Clasxxx xx xhe Fund were charged to those classes in proportion to their relative net asset values. Costs directly attributable to Class I shares were charged to Class I. The remaining charges were allocated to the Retail Classes and Class I by Seligman Data Corp. pursuant to a formula based on their net xxxxxx, shareholder transaction volumes and number of shareholder accounts. The Series and certain other associated investment companies (together, the "Guarantors") have severally but not jointly guaranteed the performance and observance of all the terms and conditions of a lease entered into by Seligman Data Corp., including the payment of rent by Seligmxx Xxxx Corp. (the "Guaranty"). The lease and the relaxxx Xxxxanty expire in January 2019. The obligation of the Series to pay any amount due under the Guaranty is limited to a specified percentage of the full amount, which generally is based on the Series' percentage of the expenses billed by Seligman Data Corp. to all Guarantors in the most recent calendar xxarter. As of December 31, 2008, the Series' potential obligation under the Guaranty is $527,500. As of December 31, 2008, no event has occurred which would result in the Series becoming liable to make any payment under the Guaranty. The Fund would bear a portion of any payments made by the Series under the Guaranty. A portion of the rent paid by Seligman Data Corp. is charged to the Fund as part of Seligmxx Xxxx Corp.'s shareholder account services cost. Notes to Xxxxxxxal Statements The Series' Board has approved RiverSource Service Corporation ("RSC") as the Fund's new transfer and shareholder service agent, and the termination of the Fund's relationship with Seligman Data Corp., effective on or about May 9, 2009. RSC xx xx xxfiliate of RiverSource. The fees and expenses expected to be charged to the Fund by RSC are generally lower than the fees and expenses charged by Seligman Data Corp. Nevertheless, as a result of the termination xx the relationship with Seligman Data Corp., the Fund will incur certain non-recurrixx xxxxxes, including charges relating to Seligman Data Corp.'s leases, that would in the aggregate apxxxxxxxxe 0.16% of the Fund's net assets as of January 23, 2009 (the "Non-Recurring Charges"). These Non-Recurring Charges will be incurre...
Seligman. COM -------------------------------------------------------------------------------- This report is intended only for the information of shareholders or those who have received the offering prospectus covering shares of Beneficial Interest of Seligman High-Yield Fund, which contains information about the investmenx xxxxxxives, risks, charges, and expenses of the Fund, each of which should be considered carefully before investing or sending money. --------------------------------------------------------------------------------
