NET ASSET VALUE, DISTRIBUTIONS, REDEMPTIONS AND REPURCHASES. Section 1. Determination of Net Asset Value, Net Income, Dividends and Distributions . Subject to applicable law and Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe such bases and times for valuing the net assets of the Trust and determining the net asset value of Shares, which net asset value shall be separately determined for each Series (and class), for determining the net income attributable to the Shares, or for declaring and paying dividends and other distributions on Shares, as they may deem necessary or desirable.
Appears in 6 contracts
Sources: Trust Agreement (Gottex Multi-Asset Endowment Fund -- Class I), Agreement and Declaration of Trust (Gottex Multi-Alternatives Master Fund), Agreement and Declaration of Trust (Gottex Multi-Asset Endowment Master Fund)
NET ASSET VALUE, DISTRIBUTIONS, REDEMPTIONS AND REPURCHASES. Section 1. Determination of Net Asset Value, Net Income, Dividends and Distributions Distributions. Subject to applicable law and Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe such bases and times for valuing the net assets of the Trust and determining the net asset value of Shares, which net asset value shall be separately determined for each Series (and class), for determining the net income attributable to the Shares, or for declaring and paying dividends and other distributions on Shares, as they may deem necessary or desirable.
Appears in 2 contracts
Sources: Agreement and Declaration of Trust (Archstone Alternative Solutions Fund), Agreement and Declaration of Trust (Madison Avenue Global Fund)