Gross Paying Shares definition

Gross Paying Shares means Shares (of whatever Class) in Funds of the Company as may be in issue from time to time in respect of which income allocated to holders is (i) in the case of Accumulation Share credited periodically to capital or (ii) in the case of Income Shares distributed periodically to the holders. In either case in accordance with relevant tax law without any tax being deducted or accounted for by the Company.

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

Examples of Gross Paying Shares in a sentence

• Class A Gross Paying Shares are available to investors with a suitable written agreement with the company who have completed the necessary tax eligibility declarations on application to subscribe.

• Class I Gross Paying Shares are available to investors with a suitable written agreement with the company who have completed the necessary tax eligibility declarations on application to subscribe.

• South Africa has the potential as have most of the advanced economies in Africa to compete with the developed countries.

• The Class A Gross Paying Shares are available for issue at the price calculated by reference to the next Valuation Point (18.00 UK time) after the order is received by the ACD provided it is received no later than the 16.30 cut-off time for that Dealing Day.

• Class A Gross Paying Shares (“Class A Gross Paying Shares”): The minimum initial lump sum investment for Class A Gross Paying Shares is £1,000 per investor; the minimum additional lump sum investment is £1,000 per investor.

• Class L Gross Paying Shares (“Class L Gross Paying Shares”): The minimum initial lump sum investment for Class L Gross Paying Shares is £50,000,000 per investor; the minimum additional lump sum investment is £10,000,000 per investor.

• Class L Gross Paying Shares are available to investors with a suitable written agreement with the company who have completed the necessary tax eligibility declarations on application to subscribe.

• Class I Gross Paying Shares (“Class I Gross Paying Shares”): The minimum initial lump sum investment for Class I Gross Paying Shares is £1,000 per investor; the minimum additional lump sum investment is £1,000 per investor.

• There is no maximum investment level for any Class A Gross Paying Shares.

• Class I Gross Paying Shares (“Class I Gross Paying Shares”): The minimum initial lump sum investment for Class I Gross Paying Shares is £50,000,000 per investor; the minimum additional lump sum investment is £1,000 per investor.