South 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

A South Dakota Distribution Agreement is a legal contract that governs the continuous offering of a fund's shares in the state of South Dakota. This agreement outlines the terms and conditions under which the distribution of shares takes place, ensuring compliance with South Dakota state securities laws and regulations. It is essential for fund managers, sponsors, and distributors to enter into this agreement to ensure a smooth and legally compliant distribution process. The South Dakota Distribution Agreement includes several key provisions that are crucial for a successful offering. It typically outlines the responsibilities and obligations of both the fund and the distributor, including the marketing and promotional activities, investor relations, and compliance requirements. Additionally, it often addresses the compensation structure, redemption policies, reporting obligations, and termination provisions. Keywords: 1. South Dakota: Refers to the state in which the distribution agreement is taking place, ensuring compliance with its specific securities laws and regulations. 2. Distribution Agreement: The legal contract that governs the continuous offering of a fund's shares, outlining the terms and conditions of the distribution process. 3. Continuous Offering: Indicates that the distribution of shares takes place continuously, allowing investors to continually purchase shares in the fund. 4. Fund's Shares: Refers to the shares offered by the fund that are subject to the distribution agreement. 5. Legal Compliance: Ensuring adherence to South Dakota state securities laws and regulations throughout the distribution process. 6. Terms and Conditions: The provisions and requirements that both parties must follow and agree upon for the distribution of shares. 7. Fund Managers: Individuals or entities responsible for managing the fund and overseeing the distribution process. 8. Sponsors: Parties involved in sponsoring or initiating the creation of the fund. 9. Distributors: Entities responsible for handling the distribution of the fund's shares to investors. 10. Compliance Requirements: The regulations and guidelines that the fund and distributor must follow to ensure adherence to securities laws. Different types of South Dakota Distribution Agreements regarding the continuous offering of the Fund's shares may include variations based on specific fund characteristics, target investor base, or distribution channels. These could include: 1. Standard South Dakota Distribution Agreement: This is the typical agreement template that covers the essential provisions and requirements for the continuous offering of the Fund's shares in South Dakota. 2. Institutional Distribution Agreement: This type of agreement may involve different terms and conditions tailored specifically for institutional investors, such as pension funds, endowments, or insurance companies. 3. Retail Distribution Agreement: This agreement variant focuses on the distribution of shares to individual retail investors, including provisions related to marketing strategies, solicitation methods, and investor relations. 4. Private Placement Distribution Agreement: If the Fund is only offered through a private placement offering, this type of agreement would address specific requirements and exemptions applicable to such offerings. It's important for fund managers, sponsors, and distributors to engage legal professionals knowledgeable in securities laws to draft or review the South Dakota Distribution Agreement, ensuring that it meets all the relevant regulatory requirements and protects the interests of all parties involved.