Distribution Agreement between Prudential Tax-Managed Growth Fund and Prudential Investment Management Services, LLC regarding the continuous offering of the Fund's shares in order to promote the growth of the Fund and facilitate the distribution of the
Investors can keep themselves in the loop through regular updates from their distributors, as well as reviewing the fund's quarterly and annual reports.
If a distributor drops the ball, the fund has the right to terminate the agreement and may seek damages for any losses incurred.
Generally, there isn't a cap on the number of shares sold; it all hinges on the fund's policies and demand from investors.
Distributors should be well-versed in the fund's strategy and performance, as this knowledge helps them effectively communicate with potential investors.
Any licensed financial institution or broker-dealer in Memphis can hop on board as a distributor, as long as they meet the fund's guidelines.
A Distribution Agreement is a formal setup between a fund and its distributors, laying down how the fund's shares will be marketed and sold in Memphis.