Common use of Declaration of Dividend Clause in Contracts

Declaration of Dividend. Mutual Funds Trust shall have declared a dividend or dividends, which, together with all previous such dividends, shall have the effect of distributing to Young Shareholder Fund shareholders all of Young Shareholder Fund's investment company taxable income (as defined in Section 852 of the Code) (computed without regard to any deduction for dividends paid) for the final taxable period of Young Shareholder Fund, all of its net capital gain realized in the final taxable period of Young Shareholder Fund (after reduction for any capital loss carryforward) and all of the excess of (i) its interest income excludable from gross income under Section 103(a) of the Code over (ii) its deductions disallowed under Sections 265 and 171(a)(2) of the Code for the final taxable period of Young Shareholder Fund.

Declaration of Dividend. Mutual Funds Growth Trust shall have declared a dividend or dividends, dividends which, together with all previous such dividends, shall have the effect of distributing to Young Shareholder Multi-Cap Growth Fund shareholders all of Young Shareholder Multi-Cap Growth Fund's ’s investment company taxable income (as defined in Section 852 of the Code) (computed without regard to any deduction for dividends paid) for the final taxable period of Young Shareholder Multi-Cap Growth Fund, all of its net capital gain realized in the final taxable period of Young Shareholder Multi-Cap Growth Fund (after reduction for any capital loss carryforward) and all of the excess of (i) its interest income excludable from gross income under Section 103(a) of the Code over (ii) its deductions disallowed under Sections 265 and 171(a)(2) of the Code for the final taxable period of Young Shareholder Multi-Cap Growth Fund.