Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Stock at the rate of one share(s) for every three Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights to be issued to a Record Date Stockholder will be rounded up to the nearest number of Rights evenly divisible by three. Fractional shares will not be issued upon the exercise of the Rights. Accordingly, new shares of common stock may be purchased only pursuant to the exercise of Rights in integral multiples of three.
Appears in 9 contracts
Samples: Subscription Agent Agreement (RiverNorth Capital & Income Fund, Inc.), Subscription Agent Agreement (Rivernorth Opportunities Fund, Inc.), Subscription Agent Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Stock at the rate of one share(s) for every three Rights (the “Basic Subscription Privilege”). No fractional Rights will be issued. The number of Rights to be issued to a Record Date Stockholder will be rounded up to the nearest number of Rights evenly divisible by three. Fractional shares will not be issued upon the exercise of the Rights. Accordingly, new shares of common stock may be purchased only pursuant to the exercise of Rights in integral multiples of three.. Subscription Agent Agreement 71219
Appears in 1 contract
Samples: Subscription Agent Agreement (RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.)
Subscription of Rights. 2.1 The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for shares of the Additional Common Stock at the rate of one share(s) for every three Rights (the “"Basic Subscription Privilege”"). No fractional Rights will be issued. The number of Rights to be issued to a Record Date Stockholder will be rounded up to the nearest number of Rights evenly divisible by three. Fractional shares will not be issued upon the exercise of the Rights. Accordingly, new shares of common stock may be purchased only pursuant to the exercise of Rights in integral multiples of three.
Appears in 1 contract
Samples: Subscription Agent Agreement (RiverNorth Capital & Income Fund, Inc.)