Common use of Description of Accounting Services on a Continuous Basis Clause in Contracts

Description of Accounting Services on a Continuous Basis. CJM Asset Management will perform accounting services for the Fund, including, but not limited to, the following: (i) Journalize investment, capital and income and expense activities; (ii) Maintain individual ledgers for investment securities; (iii) Maintain historical tax lots for each security; (iv) Record and reconcile corporate action activity and all other capital changes with the Investment Manager; (v) Reconcile cash and investment balances of the Fund, and provide the Investment Manager with the beginning cash balance available for investment purposes; (vi) Calculate contractual expenses (e.g. advisory fees) in accordance with the Fund's Prospectus; (vii) Maintain expense budget for the Fund and notify an officer of the Fund of any proposed adjustments; (viii) Control all disbursements and authorize such disbursements from the Fund's account upon Written Instructions; (ix) Calculate capital gains and losses; (x) Determine net income; (xi) Compute net asset values monthly; (xii) Research and recommend portfolio accounting tax treatment for unique security types; and (xiii) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity in accordance with applicable regulations.