Who will bear the expenses of seeking shareholder approval of the Conversion?
Because the Conversion would increase the fees payable to the Investment Managers and their affiliates, the Investment Managers or their affiliates, rather than the Trust,will pay the expenses incurred in seeking shareholder approval of Proposals 6-9 whether or not such Proposals are approved or the Conversion is completed.
Related Questions
- What factors need to be considered in determining whether shareholder approval is required for a transaction involving the acquisition of stock or assets of another company?
- How do NASDAQs shareholder approval rules apply to strategic partnerships or stock-for-stock swaps between companies?
- Is acquiring-firm shareholder approval in stock-for-stock mergers perfunctory?
