Examples of Participating Shares in a sentence
Participating Shares Participating Shares only carry the right to vote on a class resolution of the holders of each respective Class of Shares relating to the variation, or deemed variation, of the class rights attaching to Participating Shares of that Class or on a resolution to wind up the Fund.
The issuance, acquisition and cancellation of Participating Shares are accounted for as equity transactions.
The functional and presentational currency reflects the fact that the Participating Shares of the Fund are issued in Sterling and the primary activity of the Fund is to invest in British properties and property funds.
There are three classes of Participating Shares, being the A (Income) Class, the B (Accumulation) Class and the C (Accumulation) Class.
On a winding up, Participating Shares carry the right to repayment of the nominal amounts paid up on them, and, after the nominal amounts have been repaid on the Management Shares, to distribution of the Fund’s surplus assets.