Prospectus Of Clerical Medical Open Ended Investment Company ...

date of the termination of the ACD's appointment as such. The amounts accruing due on the
last Calculation Date before the event concerned will be adjusted accordingly.
Exit Charge
At present no charge is levied on the redemption of shares. The ACD has the right (subject
to COLL Sourcebook) to introduce a charge on the redemption of shares in the future, but
this will not affect shares issued prior to its introduction.
Expenses
Certain expenses incurred by the ACD may be reimbursed by the Company (as set out in
“Other Payments to the Company”).
Charges to capital
In relation to the Income Fund, all of the remuneration of the ACD may be treated as a
capital charge which may result in a constraint of capital growth. In relation to any of the
Funds, subject to and in accordance with the COLL Sourcebook, the ACD is entitled (at its
discretion) to charge the capital account and/or the income account of the relevant Fund for
any expenses or charges of the ACD.
Changes to charges and expenses
Any change to a fee or expense of the Company may be made only in accordance with the
COLL Sourcebook and after the ACD has made available a revised version of the
Prospectus showing the new rate of charge and/or expense and the date of its
commencement.
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