Common use of Trailing Dividends Clause in Contracts

Trailing Dividends. Transfer processing after record date but prior to payable date will include all accrued dividends. Each Fund is responsible for monitoring all completed full transfers for “trailing” dividends. Should a “trailing” dividend appear in an account, a Fund shall send such dividend to JPMS within five (5) Business Days, along with a specific written notification thereof. Notification shall include details of the dividend and shareholder, including the shareholder’s social security number or taxpayer identification number, and/or the account number for the Account to which the transfer was made.