Common use of Shareholder Transactions Clause in Contracts

Shareholder Transactions. i. Set up account information, including appropriate account type, shareholder address, dividend option, wire instructions, and taxpayer identification; ii. Process shareholder purchase and redemption / repurchase orders in accordance with conditions set forth in the Fund’s prospectus; iii. Process exchanges & transfers; iv. Generate shareholder periodic statements; v. Issue confirmations in compliance with Rule 10b-10 under the Securities Exchange Act of 1934; vi. Process dividend and distribution payments (paid in cash or reinvested back into the account purchasing new shares) vii. Provide cost basis reporting for shareholders; viii. Maintain a record of the number of shares held by each shareholder of record; ix. Record the issuance of shares of each fund and maintain, pursuant to Rule 17AD-10 of the Securities Exchange Act of 1934, a record of the total number of shares of the Trust which are authorized, based upon data provided to it by the Trust, and issued and outstanding; and x. Administer and/or perform all other customary services of a transfer agent.

Shareholder Transactions. i. Set up account information, including appropriate account type, shareholder address, dividend option, wire instructions, and taxpayer identification; ii. Process shareholder purchase and redemption / repurchase orders in accordance with conditions set forth in the FundTrust’s prospectus; iii. Process exchanges & transfers; iv. Generate shareholder periodic statements; v. Issue confirmations in compliance with Rule 10b-10 under the Securities Exchange Act of 1934; vi. Process dividend and distribution payments (paid in cash or reinvested back into the account purchasing new shares) vii. Provide cost basis reporting for shareholders; viii. Maintain a record of the number of shares held by each shareholder of record; ix. Record the issuance of shares of each fund and maintain, pursuant to Rule 17AD-10 of the Securities Exchange Act of 1934, a record of the total number of shares of the Trust which are authorized, based upon data provided to it by the Trust, and issued and outstanding; and x. Administer and/or perform all other customary services of a transfer agent.