Massachusetts Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9373
• Format: Word; Rich Text

Description

Distribution Agreement between Prudential Tax-Managed Growth Fund and Prudential Investment Management Services, LLC regarding the continuous offering of the Fund's shares in order to promote the growth of the Fund and facilitate the distribution of the A Massachusetts Distribution Agreement is a legally binding agreement that outlines the terms and conditions related to the continuous offering of a Fund's shares within the state of Massachusetts. This agreement is entered into by the Fund, typically a mutual or exchange-traded fund, and a distributor or broker-dealer who is authorized to offer and sell the Fund's shares to investors in Massachusetts. Keywords: Massachusetts Distribution Agreement, continuous offering, Fund's shares, terms and conditions, mutual fund, exchange-traded fund, distributor, broker-dealer, authorized, investors. Within Massachusetts, there are primarily two types of Distribution Agreements commonly used for the continuous offering of a Fund's shares: 1. Direct Distribution Agreement: This type of agreement is entered into directly between the Fund and a distributor or broker-dealer. The distributor or broker-dealer acts as an intermediary between the Fund and investors, offering and selling the Fund's shares to Massachusetts investors directly. The agreement sets out the responsibilities, rights, and obligations of both parties, including the compensation structure, sales targets, compliance requirements, and termination provisions. 2. Sub-Distribution Agreement: In certain cases, the Fund may appoint a primary distributor who then enters into sub-distribution agreements with other broker-dealers or sub-distributors for the continuous offering of the Fund's shares within Massachusetts. The primary distributor serves as the main point of contact for the Fund and is responsible for overseeing the sub-distributors' activities. The sub-distribution agreement establishes the relationship between the primary distributor and the sub-distributors, outlining the terms related to sales, marketing efforts, compliance requirements, and compensation. Both types of Massachusetts Distribution Agreements aim to ensure that the continuous offering of the Fund's shares complies with all applicable laws, regulations, and requirements specific to Massachusetts. The agreements typically cover various aspects like the registration process, disclosure obligations, investor qualifications, marketing and advertising guidelines, reporting requirements, and any applicable fees or commissions. It is important for both the Fund and the distributor(s) to thoroughly understand and adhere to the terms outlined in the Massachusetts Distribution Agreement to maintain a compliant and successful offering of the Fund's shares within the state. Consulting legal professionals with expertise in securities laws and regulations specific to Massachusetts can help ensure that the agreement is comprehensive and in line with the state's requirements. In summary, a Massachusetts Distribution Agreement is a key legal document governing the continuous offering of a Fund's shares in Massachusetts. Different types of agreements, such as direct distribution and sub-distribution agreements, may be used depending on the specific arrangement between the Fund and the distributors or broker-dealers. These agreements establish the rights, obligations, and responsibilities of all parties involved to facilitate the smooth and compliant offering of the Fund's shares to investors within the state.

A Massachusetts Distribution Agreement is a legally binding agreement that outlines the terms and conditions related to the continuous offering of a Fund's shares within the state of Massachusetts. This agreement is entered into by the Fund, typically a mutual or exchange-traded fund, and a distributor or broker-dealer who is authorized to offer and sell the Fund's shares to investors in Massachusetts. Keywords: Massachusetts Distribution Agreement, continuous offering, Fund's shares, terms and conditions, mutual fund, exchange-traded fund, distributor, broker-dealer, authorized, investors. Within Massachusetts, there are primarily two types of Distribution Agreements commonly used for the continuous offering of a Fund's shares: 1. Direct Distribution Agreement: This type of agreement is entered into directly between the Fund and a distributor or broker-dealer. The distributor or broker-dealer acts as an intermediary between the Fund and investors, offering and selling the Fund's shares to Massachusetts investors directly. The agreement sets out the responsibilities, rights, and obligations of both parties, including the compensation structure, sales targets, compliance requirements, and termination provisions. 2. Sub-Distribution Agreement: In certain cases, the Fund may appoint a primary distributor who then enters into sub-distribution agreements with other broker-dealers or sub-distributors for the continuous offering of the Fund's shares within Massachusetts. The primary distributor serves as the main point of contact for the Fund and is responsible for overseeing the sub-distributors' activities. The sub-distribution agreement establishes the relationship between the primary distributor and the sub-distributors, outlining the terms related to sales, marketing efforts, compliance requirements, and compensation. Both types of Massachusetts Distribution Agreements aim to ensure that the continuous offering of the Fund's shares complies with all applicable laws, regulations, and requirements specific to Massachusetts. The agreements typically cover various aspects like the registration process, disclosure obligations, investor qualifications, marketing and advertising guidelines, reporting requirements, and any applicable fees or commissions. It is important for both the Fund and the distributor(s) to thoroughly understand and adhere to the terms outlined in the Massachusetts Distribution Agreement to maintain a compliant and successful offering of the Fund's shares within the state. Consulting legal professionals with expertise in securities laws and regulations specific to Massachusetts can help ensure that the agreement is comprehensive and in line with the state's requirements. In summary, a Massachusetts Distribution Agreement is a key legal document governing the continuous offering of a Fund's shares in Massachusetts. Different types of agreements, such as direct distribution and sub-distribution agreements, may be used depending on the specific arrangement between the Fund and the distributors or broker-dealers. These agreements establish the rights, obligations, and responsibilities of all parties involved to facilitate the smooth and compliant offering of the Fund's shares to investors within the state.