New Hampshire 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 New Hampshire Distribution Agreement is a legal document that regulates the continuous offering of a Fund's shares within the state of New Hampshire. This agreement establishes the relationship between the Fund and the authorized distributor or dealer in New Hampshire, outlining the terms and conditions under which the shares will be offered and sold to investors. The agreement typically includes various key provisions and obligations that govern the distribution process. These provisions may include: 1. Continuous Offering: The agreement defines the terms for the continuous offering of the Fund's shares, ensuring that investors in New Hampshire have ongoing access to the investment opportunity. It outlines the duration and terms of the offering period. 2. Authorized Distributor/Dealer: The agreement identifies the authorized party responsible for distributing the Fund's shares in New Hampshire. This may be a broker-dealer, investment advisor, or other financial institution duly registered and licensed in New Hampshire. 3. Sales and Marketing Efforts: The agreement outlines the permitted sales and marketing activities that the authorized distributor or dealer can undertake to promote the Fund's shares in compliance with relevant laws and regulations. It may specify the use of specific marketing materials, advertising guidelines, and disclosure requirements. 4. Compensation and Fees: The agreement specifies the compensation structure for the authorized distributor or dealer, including sales commissions, service fees, or any other fees payable in connection with the distribution of the Fund's shares. These fees may vary depending on the type of share class or other factors. 5. Investor Suitability: The agreement may include provisions related to investor suitability, ensuring that the authorized distributor or dealer conducts appropriate due diligence on potential investors to determine their eligibility and suitability for investing in the Fund. 6. Reporting and Record keeping: The agreement may require the authorized distributor or dealer to maintain accurate records of all sales transactions and provide periodic reports to the Fund regarding the status of the distribution efforts, including the number of shares sold and any investor complaints or inquiries. It is important to note that specific types of New Hampshire Distribution Agreements regarding the continuous offering of the Fund's shares may vary depending on factors such as the nature of the Fund, its structure, and the regulatory requirements in New Hampshire. Examples of such agreements may include "New Hampshire Distribution Agreement for Mutual Funds," "New Hampshire Distribution Agreement for Exchange-Traded Funds (ETFs)," or "New Hampshire Distribution Agreement for Closed-End Funds." These agreements are tailored to address specific legal and operational considerations associated with each type of investment vehicle.

New Hampshire Distribution Agreement is a legal document that regulates the continuous offering of a Fund's shares within the state of New Hampshire. This agreement establishes the relationship between the Fund and the authorized distributor or dealer in New Hampshire, outlining the terms and conditions under which the shares will be offered and sold to investors. The agreement typically includes various key provisions and obligations that govern the distribution process. These provisions may include: 1. Continuous Offering: The agreement defines the terms for the continuous offering of the Fund's shares, ensuring that investors in New Hampshire have ongoing access to the investment opportunity. It outlines the duration and terms of the offering period. 2. Authorized Distributor/Dealer: The agreement identifies the authorized party responsible for distributing the Fund's shares in New Hampshire. This may be a broker-dealer, investment advisor, or other financial institution duly registered and licensed in New Hampshire. 3. Sales and Marketing Efforts: The agreement outlines the permitted sales and marketing activities that the authorized distributor or dealer can undertake to promote the Fund's shares in compliance with relevant laws and regulations. It may specify the use of specific marketing materials, advertising guidelines, and disclosure requirements. 4. Compensation and Fees: The agreement specifies the compensation structure for the authorized distributor or dealer, including sales commissions, service fees, or any other fees payable in connection with the distribution of the Fund's shares. These fees may vary depending on the type of share class or other factors. 5. Investor Suitability: The agreement may include provisions related to investor suitability, ensuring that the authorized distributor or dealer conducts appropriate due diligence on potential investors to determine their eligibility and suitability for investing in the Fund. 6. Reporting and Record keeping: The agreement may require the authorized distributor or dealer to maintain accurate records of all sales transactions and provide periodic reports to the Fund regarding the status of the distribution efforts, including the number of shares sold and any investor complaints or inquiries. It is important to note that specific types of New Hampshire Distribution Agreements regarding the continuous offering of the Fund's shares may vary depending on factors such as the nature of the Fund, its structure, and the regulatory requirements in New Hampshire. Examples of such agreements may include "New Hampshire Distribution Agreement for Mutual Funds," "New Hampshire Distribution Agreement for Exchange-Traded Funds (ETFs)," or "New Hampshire Distribution Agreement for Closed-End Funds." These agreements are tailored to address specific legal and operational considerations associated with each type of investment vehicle.