ARTICLE · 28 OCTOBER 1998
MSI-Preferred Investment Fund, Ltd - 2. Glossary Of Terms
Administrator:
The company that maintains the Register of Shareholders and records of the Fund, produces monthly NAV reports, and liaises with shareholders.
Class A Shares:
The participating shares that represent equity ownership in the Fund. These are issued to the investor at their current NAV and have no voting rights.
Class B Shares:
The non-participating management shares of the Fund. These are issued to the Fund Manager and have exclusive voting rights.
Commercial Paper:
Debt obligations issued by established companies for their short-term working capital needs.
Domestic:
Of, in, or relating to The Bahamas.
Equities:
The shares or instruments of a company that indicate an interest in the assets of the company.
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