+Article 22 Distribution of proceeds and capital
---+Article 22 1.
---+Article 22 2.
---+Article 22 3.
---+Article 22 4.
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Article 22 Distribution of proceeds and capital
1. Forbhreathnú
| Teideal |
Rialáil |
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Article 22 1.
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An ELTIF may regularly distribute to investors the proceeds generated by the assets contained in its portfolio. Those proceeds shall comprise:
(a)
proceeds that the assets are regularly producing;
(b)
capital appreciation realised after the disposal of an asset.
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Article 22 2.
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The proceeds shall not be distributed to the extent that they are required for future commitments of the ELTIF.
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Article 22 3.
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An ELTIF may reduce its capital on a pro rata basis in the event of a disposal of an asset during the life of the ELTIF, provided that such disposal is duly considered by the manager of the ELTIF to be in the investors’ interests.
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Article 22 4.
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The rules or instruments of incorporation of an ELTIF shall specify the distribution policy that the ELTIF will apply during its life.
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,
1.1 Tagairtí
1.2 Ceanglais aitheanta
1.3 Caighdeáin ghaolmhara
2. Ceanglais aitheanta
Ceanglais
| Foinse |
Ceanglas |
3. Caighdeáin ghaolmhara
Caighdeáin
| Foinse |
Ceanglas |
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