North Dakota 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 North Dakota Distribution Agreement is a legally binding contract that governs the continuous offering of a fund's shares in North Dakota. This agreement outlines the terms and conditions under which the fund's shares will be distributed to investors and provides clarity about the responsibilities of the parties involved. Here are some important details about the North Dakota Distribution Agreement and its different types: 1. Continuous Offering: The North Dakota Distribution Agreement focuses on the continuous offering of the Fund's shares, meaning that investors can purchase shares of the fund at any time, rather than during a limited time window. 2. Parties Involved: The agreement typically involves the fund issuer or sponsor and a registered broker-dealer or distributor responsible for selling the fund's shares in North Dakota. The obligations and responsibilities of both parties are clearly outlined in the agreement. 3. Terms and Conditions: The agreement includes various terms and conditions that govern the distribution of the fund's shares. This includes information about the eligibility of investors, minimum investment amounts, redemption policies, and any restrictions or limitations placed on the distribution. 4. Compliance with Regulations: The North Dakota Distribution Agreement ensures compliance with all relevant securities laws, regulations, and guidelines set forth by regulatory bodies such as the North Dakota Securities Department or the Securities and Exchange Commission (SEC). 5. Compensation and Fees: The agreement specifies the compensation and fees payable to the distributor for facilitating the distribution of the fund's shares. This may include upfront fees, sales commissions, and ongoing fees based on assets under management. Types of North Dakota Distribution Agreement: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor to sell the fund's shares in North Dakota. The fund may choose this option to establish a strong partnership with a trusted distributor, ensuring a dedicated distribution channel. 2. Non-Exclusive Distribution Agreement: In this scenario, the fund engages multiple distributors to sell its shares in North Dakota. This type of agreement allows for broader market coverage and increased visibility, as multiple distributors can target different investor segments and distribution channels. 3. Retail Distribution Agreement: This agreement focuses on the distribution of the fund's shares to individual retail investors. It may involve strategies like leveraging financial advisors or utilizing online platforms to reach a wider retail investor base. 4. Institutional Distribution Agreement: This type of agreement is geared towards distributing the fund's shares to institutional investors such as pension funds, endowments, or insurance companies. Institutional distribution agreements often differ in terms of investor qualifications, sales channels, and minimum investment thresholds as compared to retail distribution agreements. It is important for both the fund issuer and the distributor to carefully review and understand the North Dakota Distribution Agreement, as it establishes a legal framework for the continuous offering of the fund's shares and helps protect the interests of all parties involved.

North Dakota Distribution Agreement is a legally binding contract that governs the continuous offering of a fund's shares in North Dakota. This agreement outlines the terms and conditions under which the fund's shares will be distributed to investors and provides clarity about the responsibilities of the parties involved. Here are some important details about the North Dakota Distribution Agreement and its different types: 1. Continuous Offering: The North Dakota Distribution Agreement focuses on the continuous offering of the Fund's shares, meaning that investors can purchase shares of the fund at any time, rather than during a limited time window. 2. Parties Involved: The agreement typically involves the fund issuer or sponsor and a registered broker-dealer or distributor responsible for selling the fund's shares in North Dakota. The obligations and responsibilities of both parties are clearly outlined in the agreement. 3. Terms and Conditions: The agreement includes various terms and conditions that govern the distribution of the fund's shares. This includes information about the eligibility of investors, minimum investment amounts, redemption policies, and any restrictions or limitations placed on the distribution. 4. Compliance with Regulations: The North Dakota Distribution Agreement ensures compliance with all relevant securities laws, regulations, and guidelines set forth by regulatory bodies such as the North Dakota Securities Department or the Securities and Exchange Commission (SEC). 5. Compensation and Fees: The agreement specifies the compensation and fees payable to the distributor for facilitating the distribution of the fund's shares. This may include upfront fees, sales commissions, and ongoing fees based on assets under management. Types of North Dakota Distribution Agreement: 1. Exclusive Distribution Agreement: This type of agreement grants exclusive rights to a single distributor to sell the fund's shares in North Dakota. The fund may choose this option to establish a strong partnership with a trusted distributor, ensuring a dedicated distribution channel. 2. Non-Exclusive Distribution Agreement: In this scenario, the fund engages multiple distributors to sell its shares in North Dakota. This type of agreement allows for broader market coverage and increased visibility, as multiple distributors can target different investor segments and distribution channels. 3. Retail Distribution Agreement: This agreement focuses on the distribution of the fund's shares to individual retail investors. It may involve strategies like leveraging financial advisors or utilizing online platforms to reach a wider retail investor base. 4. Institutional Distribution Agreement: This type of agreement is geared towards distributing the fund's shares to institutional investors such as pension funds, endowments, or insurance companies. Institutional distribution agreements often differ in terms of investor qualifications, sales channels, and minimum investment thresholds as compared to retail distribution agreements. It is important for both the fund issuer and the distributor to carefully review and understand the North Dakota Distribution Agreement, as it establishes a legal framework for the continuous offering of the fund's shares and helps protect the interests of all parties involved.