Advertisements Describing Purchase/Sale of Creation Units. The Participant understands that neither the Trust nor any Fund will be advertised or marketed as an open-end investment company or a mutual fund. The Prospectus will prominently disclose that Shares are not individually redeemable and will disclose that the owners of Shares may acquire Shares from a Fund and tender those Shares for redemption to a Fund only in Creation Units. The Participant understands that any advertising material that describes the purchase or sale of Creation Units or refers to redeemability will prominently disclose that Shares are not individually redeemable and that owners of Shares may acquire Shares from a Fund and tender those Shares for redemption to a Fund in Creation Units only.
Appears in 2 contracts
Sources: Authorized Participant Agreement (PIMCO ETF Trust), Authorized Participant Agreement (PIMCO ETF Trust)