Net Unit Value definition

Net Unit Value means, for any business day, the quotient of (a) the Net Book Value of the Fund on the prior business day divided by (b) the total number of issued Units on the prior business day.
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Net Unit Value means, on any day, the net asset value of an Unlevered Premium Fund Unit most recently published by the Unlevered Premium Fund Manager.
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Examples of Net Unit Value in a sentence

  • We expect cash distributions to total $23.28 per Unit in 2020 or a 6.1% cash yield on the estimated internal Net Unit Value $3801 per Unit as of the date of this letter.

  • We expect cash distributions of $21.40 per unit in 2016 or a 6.3% cash yield on the internal December 31, 2015 Net Unit Value $340 per unit.

  • Units redeemed after the second anniversary of a Member’s purchase of the Units but prior to the third anniversary of such purchase shall be redeemed at price of no more than 90% of the Net Unit Value.

  • We expect cash distributions to total $21.40 per Unit in 2016 or a 6.3% cash yield on the internal December 31, 2015 Net Unit Value $340 per Unit.

  • The approximate annualized adjusted “operating return” for the First and Second Quarters of 2011 would be approximately 7.02%, based on the internal estimated Net Unit Value of $320 per Unit as of December 31, 2010.

  • The purchase price of each Unit shall be the Net Unit Value of the Fund, as determined by the Manager, calculated for the day of the purchase of the Units.

  • Therefore, as of June 30, 2011, the adjusted December 31, 2010 internal estimated Net Unit Value would be approximately $12 lower at $308 per Unit.

  • We expect cash distributions to total $16.42 per Unit in 2017 or a 4.3% cash yield on the estimated internal Net Unit Value $380[1] per Unit as of the date of this letter.

  • Units redeemed on or after the third anniversary of a Member’s purchase of the Units but prior to the fourth anniversary of such purchase shall be redeemed at price of no more than 93% of the Net Unit Value.

  • Units redeemed on or after the fourth anniversary of such purchase shall be redeemed at price of no more than 95% of the Net Unit Value; provided, that the Manager may vary any redemption price in the Manager’s sole and absolute discretion.