XD Date definition
XD Date means the date immediately following the Income Allocation Date. As Income which is due to be paid to investors at the next Income Payment Date is removed from the price of Income Shares on the XD Date, the price of Income Shares on the XD Date will, assuming the price is not also affected by any movement in the value of the Fund’s Assets or any fees, reduce by an amount equal to the Income which is due to be paid. No such change occurs in respect of Accumulation Shares as the Income is retained within the price of the Share and not paid to Investors.