North Carolina Trust Agreement Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9280
• Format: Word; Rich Text

Description

Reference Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust - Select Global 30 Portfolio 2000-1 dated January 5, 2000. 6 pages.

North Carolina Trust Agreement: A Comprehensive Overview of the Select Equity Trust The North Carolina Trust Agreement, specifically the Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York, is a legally binding document governing the Select Equity Trust. Established to provide investors with a diversified investment vehicle, the Select Equity Trust aims to generate long-term capital appreciation by investing primarily in a select portfolio of equity securities. This detailed description will elucidate the key aspects of the North Carolina Trust Agreement and its relevance to investors. Key Provisions: 1. Parties Involved: The North Carolina Trust Agreement involves two primary parties -- Dean Witter Reynolds, Inc. (the granter) and The Bank of New York (the trustee). The granter entrusts the trustee with managing the investments in accordance with the agreement's objectives and guidelines. 2. Trust Objectives: The Select Equity Trust seeks to achieve long-term capital appreciation through investments in a diversified portfolio of equity securities. This objective is aligned with investors' goals to maximize returns by leveraging the expertise of the trustee and the established investment strategies. 3. Investment Guidelines: The Trust Agreement defines specific investment guidelines for the trustee to follow. These guidelines ensure that the investment decisions adhere to acceptable risk parameters and align with the fund's objectives. The agreement may outline the sectors, industries, or geographies in which the trustee can invest. 4. Distribution of Income and Expenses: The North Carolina Trust Agreement provides clarity on the distribution of income generated from the trust's investments. It outlines the methodology for the distribution of dividends, interest, or any other income received by the trust. Additionally, the agreement describes how expenses associated with trust management will be incurred and reimbursed. 5. Reporting and Auditing: To ensure transparency and accountability, the Trust Agreement necessitates regular reporting and auditing procedures. The trustee must provide periodic statements to beneficiaries, outlining the trust's performance, investments, and holdings. Independent auditing may also be facilitated to ensure compliance and accuracy. Types of North Carolina Trust Agreement Reference Trust Agreement: 1. Select Equity Trust Agreement — Growth: This variation of the North Carolina Trust Agreement focuses on investments in equity securities with greater potential for capital appreciation. The growth-oriented approach aims to maximize long-term returns by selecting companies with robust growth prospects and a solid track record. 2. Select Equity Trust Agreement — Income: In contrast to the growth-oriented trust agreement, this type emphasizes generating income from equity investments. The trustee focuses on selecting companies with stable dividend-paying histories, seeking to provide investors with a regular income stream alongside capital appreciation potential. 3. Select Equity Trust Agreement — Balanced: The balanced trust agreement aims to strike a harmonious balance between growth and income. Investments are made in a combination of growth-focused equities and income-generating securities. This approach seeks to provide investors with both capital appreciation opportunities and a moderate income stream. In conclusion, the North Carolina Trust Agreement, specifically the Trust Agreement between Dean Witter Reynolds, Inc. and The Bank of New York regarding Select Equity Trust, serves as a comprehensive framework for managing investments in pursuit of long-term capital appreciation. Its provisions, including investment objectives, guidelines, income distribution, and reporting requirements, ensure that the trust is managed transparently and in accordance with investor interests. Depending on investors' preferences, variations of the agreement, such as Growth, Income, or Balanced, offer tailored investment strategies to meet specific financial goals.