GREY:CMHIF - Post by User
Comment by
Misscamealoton Jun 16, 2012 9:45am
564 Views
Post# 20021321
RE: Dividend
RE: Dividend Long-Term Incentive Plan
Effective February 23, 2004, the Fund created a Long-Term Incentive
Plan "LTIP" for certain employees of the Fund. Pursuant to the LTIP,
the Fund pays to the Trust amounts for exceeding certain defined
distributable cash threshold amounts, as defined in the agreement,
over the base distribution on an annual basis of $1.00 per unit. The
Trust purchases units of the Fund in the open market on behalf of
eligible employees. The units will be transferred to the employees
over a three-year vesting period commencing November 30, each year.
A bit of buying yesterday at the market close? Preceeded by selling?