Fund Income definition
Fund Income means (1) distributions received by the Fund from the Fund’s Private Portfolio investments; plus (2) distributions received by the Fund of net investment income (or loss) from debt, preferred equity investments and traded securities; minus (3) the Fund’s expenses (excluding the incentive fee and distribution and servicing fees). The distributions received by the Fund from the Fund’s Private Portfolio investments, including the distributions received by the Fund of net investment income (or loss) from debt, preferred equity investments and traded securities, are treated as cash from operations (or income) received by the Fund without regard to the tax characteristics (e.g., income vs. return of capital) of the distributions received. The annual payment of the Incentive Fee will reflect all such distributions received by the Fund, except returns of invested capital that are not derived from the operations of the issuer based on a review by the Fund’s portfolio management team of the issuer’s financial statements and results from business operations.
Fund Income means the investment returns earned from time to time by the Fund (from the investment of the Fund Capital in accordance with the IPS), whether derived from interest, dividends or capital gains.
Fund Income means all cash dividends, interest and other income derived from or earned on the deposited property and such other receipts as may be received by the Trustee in the nature of income to the Fund, excluding unrealized gains or losses;
Examples of Fund Income in a sentence
The Incentive Fee is accrued monthly and payable annually in arrears in an amount equal to 12.5% of the Fund Income (defined below) for the applicable year.
More Definitions of Fund Income
Fund Income means any and all income earned from the investment of the Fund; and
Fund Income means (1) distributions received by the Fund from the Fund’s private portfolio investments; plus (2) distributions received by the Fund of net investment income (or loss) from debt, preferred equity investments and traded securities; minus (3) the Fund’s operating expenses for the month (excluding the Incentive Fee and share class specific expenses such as distribution and/or shareholder servicing fees).
Fund Income means all cash dividends and interest derived from or earned on the Deposited Property and such other receipts as may be determined by the Trustee on an accrual basis to be in the nature of income to the Fund.
Fund Income means the remaining profits of the fund after the deduction of valid costs and shall be distributed in proportion to the holding of investors as approved by the general meeting of shareholders.