After receipt of the Merger Shares, Retirement Fund will distribute the Merger Shares to its shareholders in proportion to their existing shareholdings, in complete liquidation of Retirement Fund, and the legal existence of Retirement Fund will be terminated. As part of these negotiations, the Board indicated that it would consider relaxing these caps in future years following sustained improvements in performance, among other considerations. For internal use only. The events leading up to the guilty plea did not arise out of the investment advisory or mutual fund management activities of Deutsche Bank AG or its affiliates, including DIMA. The Restructured Fund may invest in underlying funds that are Deutsche mutual funds or exchange-traded funds, as well as unaffiliated mutual funds and exchange-traded funds. Real estate companies can be affected by the risks associated with direct ownership of real estate, such as general or local economic conditions, increases in property taxes and operating expenses, liabilities or losses due to environmental problems, falling rents whether due to poor demand, increased competition, overbuilding, or limitations on rents , zoning changes, rising interest rates, and losses from casualty or condemnation. Table of Contents 2.
Net realized and unrealized gain loss. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, changes in storage costs, embargoes, tariffs, policies of commodity cartels and international economic, political and regulatory developments. The Acquired Fund knows of no facts which might form the basis for the institution of such proceedings which would materially and adversely affect its business and is not a party to or subject to the provisions of any order, decree or judgment of any court or governmental body which materially and adversely affects its business or its ability to consummate the transactions herein contemplated;. Table of Contents investment strategy it follows. The Board also received information regarding the estimated enterprise-wide profitability of DIMA and its affiliates with respect to all fund services in totality. Sale of affiliated Underlying Funds.
Other expenses are estimated, accounting for the effect of the merger. The Board also considered benefits to DIMA related to brokerage and soft-dollar allocations, including allocating brokerage to pay for research generated by parties other than the executing broker dealers, which pertain primarily to funds investing in equity securities, along with the incidental public relations benefits to DIMA related to Deutsche Funds advertising and cross-selling opportunities among DIMA products and services.
Table of Contents Foreign governments may restrict investment by foreigners, limit withdrawal of trading profit or currency from the country, restrict currency exchange or seize foreign investments. The Acquired Fund has all material federal, state and local authorizations necessary to own all of the properties and assets and to carry on its business as now being conducted, except authorizations which the failure to so obtain would not have a material adverse effect on the Acquired Fund.
Dollar and certain other benchmark interest rates. However, portfolio management may choose not to use these strategies for various reasons, even in volatile market conditions. The Restructured Fund may be appropriate for investors seeking total return consistent with conservative levels of overall risk.
Any notice, report, statement or demand required or permitted by any provisions of this Agreement shall be in writing and shall be deemed duly given if delivered by hand including by Federal Express or similar express courier or transmitted by facsimile or three days after being mailed by prepaid registered or certified mail, return receipt requested, addressed to the Trust, Park Avenue, New York, NYwith a copy to Vedder Price P.
Portfolio management generally may also use commodity-linked derivatives to gain exposure to commodities. In such a case, subject to shareholder approval of the New IMA, Retirement Fund would be restructured from a target date fund of funds i.
Find time for more personal financial planning by relying on discretionary investment management. There is no guarantee that derivatives, to the extent employed, will have the intended effect, and their use could cause lower returns or even losses to the fund.
Similarly, opportunities to sell securities will be allocated in a manner believed by the Adviser to be equitable to each entity over time. The Proxy materials for this meeting are available at: As part of these negotiations, the Board indicated that it would consider relaxing these caps in future years following sustained improvements in performance, among other considerations.
The Acquired Fund knows of no facts which might form the basis for the institution of such proceedings which would materially and adversely affect its business and is not a party to or subject to the provisions of any order, decree or judgment of any court or governmental body which materially and adversely affects its business or its ability to consummate the transactions herein contemplated.
No party shall take any action that would, or reasonably would be expected to, result in any of its representations and warranties set forth in this Agreement being or becoming untrue in any material respect.
A Dedicated Support Team. For federal income tax purposes, no gain or loss is expected to be recognized by Retirement Fund or its shareholders as a direct result of the merger.
Assuming you kept your shares. The Restructured Fund will also differ from the existing Fund in several additional ways.
Table lifecompzss Contents c No consent, approval, authorization, or order of any court or governmental authority is required for the consummation by the Acquiring Fund of the transactions contemplated herein, except such as have been obtained under the Act, the Act and the Act and such as may be required by state securities laws.
Certain underlying funds may invest in a wholly-owned subsidiary of the underlying fund formed under the laws of the Cayman Islands the Subsidiary that is not registered as an investment company under the Investment Company Act ofas amended, and therefore it is not subject to all of the investor protections of the Investment Company Act of In addition, the combined fund resulting from the merger will have tax attributes that reflect a lifceompass of the tax attributes of the two funds at the time of the merger including as affected by the rules set forth above.
As a result of the merger, however, Retirement Fund and its.
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As noted above, DIMA is not currently paid a management serries directly by Retirement Fund; instead, as a fund of funds, Retirement Fund, and therefore the shareholders of Retirement Fund, indirectly bears a pro rata share of the operating expenses, including the management fees paid to DIMA or other investment advisors, of the underlying funds in which Retirement Fund invests.
Each share of both funds has equal rights with each other share of the same class of the respective fund as to voting, dividends, exchanges, conversion features, and liquidation. You may obtain copies of this information, with payment of a duplication fee, by electronic request at the following e-mail address: No significant seriex policies lirecompass change as the result of the proposed reorganization.
John Millette 4 An investment in each Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Serjes Insurance Corporation or any other governmental agency.
The Board also received information regarding the estimated enterprise-wide profitability of DIMA and its affiliates with respect to all fund services in totality. Fund expenses will be affected by the allocation of the Restructured Fund assets between direct investments and investments in underlying funds. Retirement Fund will transfer all of its assets to Fund, and in exchange, Fund will assume all the liabilities of Retirement Fund and deliver to Retirement Fund serkes number of full and fractional Merger Shares having an aggregate net asset value as of the Valuation Time equal to the value of the assets of Retirement Fund, less the value of the liabilities of Retirement Fund assumed by Fund, as of such time.
Small company stocks tend to be more volatile than medium-sized or large company stocks. In terms of the process that the Board followed prior to approving the Agreement, shareholders should know that:. Sdries and Chief Executive Officer, present.
Deutsche Target Date Series
Will the number of shares I own change? The Restructured Fund will seek to maximize total return. By doing this, you can more easily compare the costs of investing in the funds.