Applicants' Representations. The Trust is an open-end management investment company organized as a Massachusetts business trust on February 25, 1988. The Trust currently consists of five separate series, each with its own investment [*3] objective or objectives and policies. The Board of Trustees may establish additional series of shares at any time.
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Sources: Participation Agreement (Southern Farm Bureau Life Variable Account), Participation Agreement (Southern Farm Bureau Life Variable Life Account)
Applicants' Representations. The Trust is a Massachusetts business trust registered under the 1940 Act as an open-end management investment company organized as a Massachusetts business trust on February 25, 1988company. The Trust currently consists of five separate seriesinvestment portfolio (‘‘Portfolios’’), each with its own investment [*3] objective or objectives and policies. The Board of Trustees may establish additional series of shares at any timeportfolios.
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Sources: Merger Agreement