1. (a) Elect to be governed by Rule 18f-1 under the Investment Company Act of 1940.
2. (b) Disclose fully in its prospectus the Rule 18f-1 reservation and election, how the securities will be valued, and the possibility that its shareholders will incur brokerage commissions in selling the securities.

An open-end investment company reserving the right to redeem its shares in-kind by delivering securities from its investment portfolio to redeeming shareholders shall comply with these conditions:

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.

History

1. New section filed 5-3-83; effective thirtieth day thereafter (Register 83, No. 19).