Nassau New York Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• County: Nassau
• 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 Nassau New York Distribution Agreement is a legally binding contract that outlines the terms and conditions for the continuous offering of a Fund's shares in the region of Nassau, New York. This agreement is crucial for facilitating the distribution process and ensuring compliance with applicable laws and regulations. Here is a detailed description of what the Nassau New York Distribution Agreement entails, including relevant keywords: 1. Parties involved: The agreement establishes the relationship between the Fund (the offering entity) and the Distributor (the entity responsible for selling the Fund's shares to investors), both of which are actively involved in the distribution of the Fund's shares. 2. Scope and purpose: The agreement's primary objective is to regulate the continuous offering of the Fund's shares within the Nassau, New York region. It encompasses various terms, including sales methods, investor eligibility, marketing strategies, and compensation structures, among others. 3. Offering procedures: The agreement stipulates the specific guidelines for offering the Fund's shares to potential investors. It outlines the requisite documentation, such as prospectuses, offering circulars, and sales materials, which must be provided to investors to ensure accurate and transparent information. It may also require the Fund to obtain necessary approvals from regulatory authorities before commencing the offering. 4. Registration and compliance: The agreement defines the necessary registrations, licenses, and permits that the Fund and Distributor must obtain to comply with state and federal securities laws. These may include registrations with the Securities and Exchange Commission (SEC), the New York State Department of Financial Services (NY DFS), and other relevant regulatory bodies. 5. Sales activities and marketing: The agreement sets forth rules and restrictions related to sales activities and marketing strategies employed by the Distributor. It may involve guidelines on advertising, client solicitation, promotional events, third-party relationships, and incentivization practices. Compliance with anti-fraud provisions, such as the prohibition of misleading statements or omission of material facts, is also emphasized. 6. Compensation and fees: The agreement outlines the compensation structure for the Distributor, including sales commissions, fees, or any other form of compensation, ensuring transparency and fairness in the distribution process. It highlights the disclosure requirements regarding the Distributor's compensation to investors. 7. Termination and amendment: The agreement includes provisions for termination by either party under specific circumstances, such as breach of contractual obligations, regulatory non-compliance, or mutual agreement. It also indicates the conditions under which the agreement can be amended or modified, requiring written consent from all parties involved. Different types of Nassau New York Distribution Agreement regarding the continuous offering of the Fund's shares may include variations tailored to specific investment strategies or fund types. Some examples could be: 1. Nassau New York Distribution Agreement for Open-End Funds: This agreement focuses on the continuous offering of shares in open-end funds that allow investors to buy shares at the net asset value (NAV) and redeem them at any time. 2. Nassau New York Distribution Agreement for Closed-End Funds: This agreement governs the offering of shares in closed-end funds, which have a fixed number of shares and trade on the secondary market like stocks. 3. Nassau New York Distribution Agreement for Exchange-Traded Funds (ETFs): This agreement pertains to the distribution of shares in ETFs, which are investment funds traded on stock exchanges, combining the features of mutual funds and stocks. These examples illustrate how the Nassau New York Distribution Agreement may vary based on the specific characteristics and regulatory requirements of different types of investment funds.

Nassau New York Distribution Agreement is a legally binding contract that outlines the terms and conditions for the continuous offering of a Fund's shares in the region of Nassau, New York. This agreement is crucial for facilitating the distribution process and ensuring compliance with applicable laws and regulations. Here is a detailed description of what the Nassau New York Distribution Agreement entails, including relevant keywords: 1. Parties involved: The agreement establishes the relationship between the Fund (the offering entity) and the Distributor (the entity responsible for selling the Fund's shares to investors), both of which are actively involved in the distribution of the Fund's shares. 2. Scope and purpose: The agreement's primary objective is to regulate the continuous offering of the Fund's shares within the Nassau, New York region. It encompasses various terms, including sales methods, investor eligibility, marketing strategies, and compensation structures, among others. 3. Offering procedures: The agreement stipulates the specific guidelines for offering the Fund's shares to potential investors. It outlines the requisite documentation, such as prospectuses, offering circulars, and sales materials, which must be provided to investors to ensure accurate and transparent information. It may also require the Fund to obtain necessary approvals from regulatory authorities before commencing the offering. 4. Registration and compliance: The agreement defines the necessary registrations, licenses, and permits that the Fund and Distributor must obtain to comply with state and federal securities laws. These may include registrations with the Securities and Exchange Commission (SEC), the New York State Department of Financial Services (NY DFS), and other relevant regulatory bodies. 5. Sales activities and marketing: The agreement sets forth rules and restrictions related to sales activities and marketing strategies employed by the Distributor. It may involve guidelines on advertising, client solicitation, promotional events, third-party relationships, and incentivization practices. Compliance with anti-fraud provisions, such as the prohibition of misleading statements or omission of material facts, is also emphasized. 6. Compensation and fees: The agreement outlines the compensation structure for the Distributor, including sales commissions, fees, or any other form of compensation, ensuring transparency and fairness in the distribution process. It highlights the disclosure requirements regarding the Distributor's compensation to investors. 7. Termination and amendment: The agreement includes provisions for termination by either party under specific circumstances, such as breach of contractual obligations, regulatory non-compliance, or mutual agreement. It also indicates the conditions under which the agreement can be amended or modified, requiring written consent from all parties involved. Different types of Nassau New York Distribution Agreement regarding the continuous offering of the Fund's shares may include variations tailored to specific investment strategies or fund types. Some examples could be: 1. Nassau New York Distribution Agreement for Open-End Funds: This agreement focuses on the continuous offering of shares in open-end funds that allow investors to buy shares at the net asset value (NAV) and redeem them at any time. 2. Nassau New York Distribution Agreement for Closed-End Funds: This agreement governs the offering of shares in closed-end funds, which have a fixed number of shares and trade on the secondary market like stocks. 3. Nassau New York Distribution Agreement for Exchange-Traded Funds (ETFs): This agreement pertains to the distribution of shares in ETFs, which are investment funds traded on stock exchanges, combining the features of mutual funds and stocks. These examples illustrate how the Nassau New York Distribution Agreement may vary based on the specific characteristics and regulatory requirements of different types of investment funds.