NAV per Unit definition

NAV per Unit means the NAV of the Company divided by the number of Units then outstanding.

NAV per Unit means (a) if the NAV of the Company is less than or equal to the aggregate redemption price of all Preferred Shares (and any other preferred shares of any other class so designated by the Company) then outstanding and any accrued and unpaid distributions thereon (the “Preferred Share Amount”), the NAV per Unit is calculated by dividing the NAV of the Company by the number of Preferred Shares (and any other preferred share of any other class so designated by the Company) then outstanding; and (b) if the NAV of the Company is greater than the Preferred Share Amount, the NAV per Unit is calculated by (i) subtracting the Preferred Share Amount from the NAV of the Company, (ii) dividing the difference by the number of Class A Shares then outstanding and (iii) adding $10.00 plus any accrued and unpaid distributions per Preferred Share to the result obtained in above in (ii).

NAV per Unit means the NAV of the Fund divided by the number of Units of such class outstanding at the time the calculation is made.

Examples of NAV per Unit in a sentence

• To ensure fair treatment to all unit holders, transaction costs of acquiring and disposing of assets of the Fund are recouped by making a dilution or transaction cost adjustment to the NAV per unit of the Fund.

• The Fund’s NAV per unit of respective classes is calculated by dividing the net assets attributable to unitholders of respective classes with the total number of outstanding units of respective classes.

• In the latest release to the ASX on 10 August 2023 the Trust reported a NAV per unit $1.5721 as at 31 July 2023 (31 July 2022: $1.6212).Other than the above, the Directors are not aware of any other matter or circumstance not otherwise dealt with in this financial report that has significantly or may significantly affect the Trust's operations, the results of those operations or the Trust's state of affairs in future years.

• You may obtain the NAV per unit of the respective class of a fund by visiting by visiting Purpose’s website at www.purposeinvest.com or by calling 1-877-789-1517.‌ PURCHASES, SWITCHES AND REDEMPTIONS General As noted, each fund’s units may be divided into several classes.

• Units are created and cancelled at the unitholder’s option at prices based on the Fund’s NAV per unit of respective classes at the close of business on the relevant dealing day.

More Definitions of NAV per Unit

NAV per Unit means the NAV of the Fund divided by the number of Units in circulation, at the valuation point;

NAV per Unit as of a particular date, shall be equal to the Net Assets of the Fund as of such date, divided by the number of Units then outstanding.

NAV per Unit. : means the NAV of the Fund at a particular valuation point divided by the

NAV per Unit means, for each Class of Partnership Unit, the NAV per unit of such Class of Partnership Unit, determined as of the last business day of each month as described in the Prospectus.

NAV per Unit means the NAV of the Fund divided by the number of Units in

NAV per Unit means, in respect of a class of Units, the NAV of the Fund allocated to the Units of such class, divided by the number of Units of such class outstanding at the time the calculation is made.

NAV per Unit means, in relation to a class of units of a fund, the net asset value (NAV) per unit of that class.