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Many mutual funds offer more than one class of shares.
But that rule did not apply to different classes of shares.
This has led to the company having multiple classes of shares with different voting rights.
They will deal with the voting rights attaching to each class of shares.
Since going public in 1969, the Times Company has had the two classes of shares.
Clearly condition (a) will not be satisfied in relation to the class of shares held by management.
But what did the legislature mean with the phrase 'rights attached to a class of shares'?
The quantity and class of shares (if there are more than one class).
Some 30 companies listed on the Big Board now have dual classes of shares.
By law, mutual funds can issue only one class of shares, and so they cannot engage in such leveraging.
In the case of any fund with multiple classes of shares, only one class will be shown.
Investors who work with an adviser or a broker may select from three classes of shares and costs.
Many companies have different classes of shares, offering different rights to the shareholders.
And brokers would have to disclose to investors whether they received financial incentives to sell a particular fund or class of shares.
Several funds offer different classes of shares, which carry different fee structures.
Many broker-sold 529 plans offer more than one class of shares, which impose different fees and expenses.
Many collective investment vehicles split the fund into multiple classes of shares or units.
The other important class of shares is preferred shares.
It is the largest and most profitable newspaper company in the nation, with a single class of shares and no controlling family.
- no legal obligation to pay (depends on class of shares)
There will be two classes of shares.
A brief summary of the rights of each class of shares should be given.
Shareholders holding the same class of shares must be treated equally, and so, for instance, no voting ceilings are allowed.
The six Lindner funds have added an institutional class of shares to be sold through financial planners or retirement plans.
Fee structures have become increasingly complex among funds with loads, often depending on the class of shares purchased.
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