The requirements stipulate that the cooling-off right, cooling-off period and procedure to exercise such right shall be adequately disclosed in the investment form signed by the unit holder
at the time of purchase of units.
UBL Liquidity Plus Fund (ULPF) announced bonus units of 2.9446 units for every 100 units held by the unit holder
. This is in addition to an aggregate payout of Rs 7.2218 per unit since July 1, 2009.
Typically, a unit holder
receives allocations of royalty income, administration expenses, severance taxes and depletion.
The tax analysis must be balanced against the unit holder
's risk tolerance and current need for cash.
Instead, each unit holder
is both the owner of the freehold of his unit and a shareholder in a commonhold association which owns the freehold of the development's communal areas.
XTO Energy Inc owns the underlying properties from which the mentioned net profits interests were conveyed, which are the only assets of the trust, other than cash held for trust expenses and for distribution to unit holders
. XTO Energy is not a unit holder
of the trust.
The requirements also stipulate that the AMCs shall clearly disclose, at the time of investment, the maximum rate of sales load that is being charged to the unit holder
The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder
and will be paid on or about April 16 to depositary unitholders of record at the close of business on March 12.
Additionally, holders of class A units of the company will receive a distribution equal to the CAD equivalent (based on the USD/CAD exchange rate at the time of payment) of USD0.07125 per class A unit, unless the unit holder
elects to receive distributions in USD.
Empowerment of unit holders
for decisions on material aspects of a mutual fund including transfer of its management rights; Enhancement of role of trustees of mutual funds to ensure better safeguarding of unit holder
interests and prohibiting them from investing in mutual funds for which they act as trustee.
Holders of class A units will receive a distribution equal to the CAD equivalent as per the USD/CAD exchange rate at the time of payment of the above distribution, unless the unit holder
has elected to receive distributions in USD.
A Growth Unit holder
having 100 units of MCF as at March 20, 2012 will get 0.7998 additional units at the ex-dividend NAV of Rs.