Examples of Return of Capital in a sentence
The Respondent’s Leverage Investment Strategy, in essence, was for a client to borrow a certain amount ($50,000.00) from certain lenders, namely B2B Trust and AGF Trust, and invest the proceeds in Return of Capital (ROC) mutual funds using the monthly distributions from the mutual fund to pay the monthly payment on the loan resulting in the loan paid off in 7 to 12 years and the client left with a significant mutual fund investment.
The financial perspective – financial results ie (Return of Capital Employed, Economic value added, Sales growth, Cash flow etc.) must appear to be successful to its shareholders.
If any Obligor shall receive any Return of Capital (other than from any Financing Subsidiary), and is not otherwise included in clauses (i), (ii), (iii) or (iv) of this Section 2.10(e), the Borrower shall prepay an aggregate principal amount of Loans equal to 90% of such Return of Capital (excluding amounts payable by the Borrower pursuant to Section 2.15) no later than the fifth Business Day following the receipt of such Return of Capital.
He did not clarify that a ROC mutual fund was a Return of Capital Fund and some complainants indicated they would not have invested in such a fund had they known that this was their investment.
Financial Position, Liquidity, and Return of Capital As of December 31, 2022, MPC had $11.8 billion of cash, cash equivalents, and short-term investments and $5 billion available on its bank revolving credit facility.