Alameda California Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• County: Alameda
• 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 The Alameda California Distribution Agreement is a legal document that outlines the terms and conditions for the continuous offering of shares of a fund in the Alameda California region. This agreement acts as a contract between the fund, which could be a mutual fund or an exchange-traded fund (ETF), and a designated distributor or distributor group responsible for selling the fund's shares to investors. Keywords: Alameda California, Distribution Agreement, continuous offering, Fund's shares, mutual fund, exchange-traded fund (ETF), legal document, terms and conditions, contract, designated distributor, distributor group, selling shares, investors. There are two primary types of Alameda California Distribution Agreements commonly used for the continuous offering of a fund's shares: 1. Open-end Fund Distribution Agreement: This type of agreement is specific to open-end mutual funds, which are continuously offered to investors at a net asset value (NAV), calculated daily. The agreement details the responsibilities of the distributor in terms of marketing, solicitation, and selling the fund's shares, as well as the compensation structure and obligations of both parties. It may include provisions related to redemptions, fee schedules, reporting requirements, and compliance with regulations such as the Securities and Exchange Commission (SEC) rules. 2. Exchange-Traded Fund (ETF) Distribution Agreement: This agreement is tailored to the distribution of ETF shares in the Alameda California market. Unlike open-end mutual funds, ETF shares trade on stock exchanges like individual stocks throughout the trading day at market prices, which often differ from their net asset value. The distribution agreement specifies the distributor's roles and responsibilities in facilitating the creation and redemption of ETF shares, ensuring proper liquidity, and providing market-making support. The agreement may also cover settlements, reporting requirements, and compliance with regulatory bodies such as the SEC and Financial Industry Regulatory Authority (FINRA). In both cases, the Alameda California Distribution Agreement ensures compliance with securities laws, outlines the process for selling the fund's shares, provides clarity on compensation terms, and establishes a framework for effective communication and cooperation between the fund and the distributor(s). It aims to protect the interests of both parties involved and ensure a smooth and transparent distribution process for investors in Alameda California.

The Alameda California Distribution Agreement is a legal document that outlines the terms and conditions for the continuous offering of shares of a fund in the Alameda California region. This agreement acts as a contract between the fund, which could be a mutual fund or an exchange-traded fund (ETF), and a designated distributor or distributor group responsible for selling the fund's shares to investors. Keywords: Alameda California, Distribution Agreement, continuous offering, Fund's shares, mutual fund, exchange-traded fund (ETF), legal document, terms and conditions, contract, designated distributor, distributor group, selling shares, investors. There are two primary types of Alameda California Distribution Agreements commonly used for the continuous offering of a fund's shares: 1. Open-end Fund Distribution Agreement: This type of agreement is specific to open-end mutual funds, which are continuously offered to investors at a net asset value (NAV), calculated daily. The agreement details the responsibilities of the distributor in terms of marketing, solicitation, and selling the fund's shares, as well as the compensation structure and obligations of both parties. It may include provisions related to redemptions, fee schedules, reporting requirements, and compliance with regulations such as the Securities and Exchange Commission (SEC) rules. 2. Exchange-Traded Fund (ETF) Distribution Agreement: This agreement is tailored to the distribution of ETF shares in the Alameda California market. Unlike open-end mutual funds, ETF shares trade on stock exchanges like individual stocks throughout the trading day at market prices, which often differ from their net asset value. The distribution agreement specifies the distributor's roles and responsibilities in facilitating the creation and redemption of ETF shares, ensuring proper liquidity, and providing market-making support. The agreement may also cover settlements, reporting requirements, and compliance with regulatory bodies such as the SEC and Financial Industry Regulatory Authority (FINRA). In both cases, the Alameda California Distribution Agreement ensures compliance with securities laws, outlines the process for selling the fund's shares, provides clarity on compensation terms, and establishes a framework for effective communication and cooperation between the fund and the distributor(s). It aims to protect the interests of both parties involved and ensure a smooth and transparent distribution process for investors in Alameda California.