Accumulation Shares definition

Accumulation Shares means Gross Paying Shares (of whatever Class) in Funds of the Company as may be in issue from time to time in respect of which income allocated thereto is credited periodically to capital pursuant to the FCA Rules.

Accumulation Shares means shares (of whatever class) in a Fund as may be in issue from time to time in respect of which income allocated thereto is credited periodically to capital pursuant to the FCARules “ACD Agreement” means the agreement between the ACD and the Company. “Act” means the Financial Services and Markets Act 2000 (as amended from time to time). “Approved Derivative” means a derivative which is traded or dealt on an eligible derivatives market and any transaction in such a derivative must be effected on or under the rules of themarket. “Approved Bank” has the meaning defined in the FCA Rules. Broadly, an approved bank is the Bank of England or other OECD member state central bank, a bank with Part IV authorisation to accept deposits, a building society, or a bank supervised by the central bank or regulator in a member state of theOECD. “Authorised Corporate Director" or "ACD” means FundRock Partners Limited (FP), the authorised corporate director (ACD) of theCompany. “Base Currency” means the currency which the financial reports of the Company are prepared. “Business Day” Monday to Friday excluding public and bank holidays in the United Kingdom or any day on which the London Stock Exchange is not open for the normal duration of its trading hours, and excluding any other day on which the ACD has notified the Depositary that it is not open for normal business or as otherwise agreed between the ACD and the Depositary. “Company” means FP Carmignac ICVC, a UK authorised investment company with variable capital. “Conversion” means the exchange where permissible of shares held from one Class in the Fund for shares of another class in the sameFund.

Accumulation Shares means Shares (of whatever Class) of the Company as may be in

Examples of Accumulation Shares in a sentence

• With Accumulation Shares, where any income is reinvested back into the share price, the valuation when calculating a redemption will include the capital increment associated with this reinvested income.

• JPY Accumulation Shares and JPY Distributing Shares are denominated in Japanese Yen.

• Although it is anticipated that the Distributing Shares will distribute substantially all of the income of the Fund attributable to them, the Accumulation Shares will not, so this legislation may be relevant.

• Conversions of Income Shares to Accumulation Shares and of Accumulation Shares to Income Shares of the same Class are undertaken by reference to the respective Share prices.

• For each Share Class, the charges and expenses described in this section are either charged to capital or income (or both) depending upon whether they are Income Shares or Accumulation Shares.

More Definitions of Accumulation Shares

Accumulation Shares means Shares in issue in respect of which income (if any) is not paid out but is instead accumulated in the price of the Share

Accumulation Shares means Shares which accumulate their income so that the income is included in the price of the Shares.

Accumulation Shares means a Class of Share which accumulates the income arising in respect of

Accumulation Shares means a type of Share on which the proportion of the Income which has been received by the Fund and is attributable to investors in the Shares is accumulated within the price of a Share rather than being paid to investors. Although no Income is paid, investors holding Accumulation Shares will receive a tax voucher each time Income is accumulated. The tax voucher should be retained for tax purposes.

Accumulation Shares means a Class of Shares where income and capital gains within each of the funds are accumulated.

Accumulation Shares means a type of share where the income earned by the Fund is retained in the Fund

Accumulation Shares means Shares of the Company identified as "Accumulation Shares" in