Sentences with phrase «unit valuation date»
The rate to be levied will be equal to the annual rate, as given below, divided by 365 and multiplied by the number of days that have elapsed since the previous unit valuation date.
https://www.maxlifeinsurance.com/ Not exact matches
We sell our units on a continuous basis at initial offering prices of $ 10.00 per Class A unit, $ 9.576 per Class C unit, and $ 9.186 per Class I unit; however, to the extent that our net asset value on the most recent valuation date increases above or decreases below our net proceeds per unit as stated in the Company's prospectus, our board of managers will adjust the offering prices of all classes of units to ensure that no unit is sold at a price, after deduction of selling commissions, dealer manager fees and organization and offering expenses, that is above or below our net asset value per unit as of such valuation date.
The dates of our valuation reports, which were prepared on a periodic basis, were not contemporaneous with the grant dates of our unit - based awards.
Therefore, we considered the amount of time between the valuation report date and the grant date to determine whether to use the latest unit valuation report for the purposes of determining the fair value of our units for financial reporting purposes.
For any queries about your units in the International Shares Fund, including applications, redemptions and up to date valuations of your investment, please contact Fundhost:
To arrive at the ULIP NAV of a single unit, the ULIP NAV of the whole fund is divided by the number of units in the fund existing on the valuation date.
Market value of investment held by the fund plus value of current assets less value of current liabilities and provisions, if any, divided by number of units existing on Valuation Date.
Old formula as prescribed by IRDA and as contained in the policy document: Market value of the investment plus / (minus) expenses incurred in the purchase / (sale) of assets plus current assets and accrued interest (net of fund management charges) less current liabilities and provisions, divided by, number of units outstanding under the fund at valuation date (before creation / redemption of units).
Modified formula as stipulated by IRDA effective August 18, 2011: Market value of the investment held by the fund plus value of current assets less value of current liabilities and provisions, if any and divided by the number of units existing on the valuation date (before creation / redemption of units).
NAV is calculated as Market value of investments held by the fund + Value of current assets — value of current liabilities) / number of units existing on valuation date.