Merrill Lynch International Investment Funds Audited Annual Report ...

Notes to the Financial Statements continued
• Quarterly on the Global Enhanced Equity Yield Fund (and such
other Funds as the Directors may determine from time to
time) where there is income to distribute.
• Annually on the Equity Distributing Funds, at the discretion of
the Directors. UK Distributor Status Equity Funds will pay an
annual dividend, if there is income to distribute.
Those Distributing Shares which pay dividends monthly are
further divided into Shares as follows:
• Those Shares for which dividends are calculated daily are
known as Distributing (D) Shares.
• Those Shares for which dividends are calculated monthly are
known as Distributing (M) Shares.
Merrill Lynch Mexican Income Dollar Portfolio
Merrill Lynch Mexican Income Peso Portfolio
• Effective 22 February 2007, the European Focus Fund
launched Class A UK Distributor Status shares; and
• Effective 26 February 2007, the India Fund launched Class D
– Euro Share Class.
• Effective 14 March 2007, the US Focus Value Fund launched
Class D.
• Effective 20 March 2007, the UK Focus Fund launched Class A
UK Distributor Status Distributing shares.
Investors may choose to hold either Distributing (M) Shares or
Distributing (D) Shares but may not hold both.
Distributor Shares with quarterly dividend payment are known
as Distributing (Q) Shares.
Distributing Shares with annual dividend payment are known as
Distributing (A) shares.
The declaration and payments of dividends and the reinvestment
options available to shareholders is set out in the Prospectus.
16. Changes to Management Fees
• Effective 29 May 2006, the Management fee for Euro Bond
Fund was reduced from 1.00% to 0.75%
(apart from Class Q where the fee remains at 1.15%).
• Effective 29 May 2006, the European Focus Fund activated
Classes A, B, C and E with a Management fee rate of 1.75%.
• Effective 30 September 2006, the Management fee for Euro
Short Duration Bond Fund was reduced from 1.00% to 0.75%
(apart from Class Q where the fee remains at 1.00%)
17. Change of Registered Office
From 24 March 2006, the Registered Office of the Company has
changed from 6D, route de Trèves, L-2633 Senningerberg,
Grand-Duchy of Luxembourg to Aerogolf Center, 1A, Hoehenhof,
L-1736, Senningerberg, Grand-Duchy of Luxembourg.
18. Subsequent Events
• Effective 31 January 2007 the Fixed Income Global
Opportunities Fund, denominated in USD was launched; and
• Effective 2 February 2007, the assets of the following Cayman
Island funds were transferred to create Local Emerging
Markets Short Duration Bond Fund, denominated in US$:
Merrill Lynch Developing Limited Maturity Portfolio (Local
Currency)
Merrill Lynch Developing Limited Maturity Portfolio (USD)
Audited Annual Report and Accounts 219