Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2005-04-12
2005-04-12
Sough, Hyung (Department: 3628)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S030000, C705S031000, C705S033000, C705S035000, C705S03600T, C705S038000, C705S039000, C705S040000, C705S041000, C705S042000, C705S043000, C705S044000, C705S045000
Reexamination Certificate
active
06879964
ABSTRACT:
An investment company is administered by issuing one or more classes of shares that are bought from and redeemed with the company at a net asset value, issuing one or more classes of shares that are listed for trading on a securities exchange and that are bought and sold at negotiated market prices, and maintaining, in one or more computers, account data ofthe outstanding shares. A shareholder may acquire exchange-traded shares by requesting conversion of a designated number or dollar value of shares belonging to the one or more classes of shares that are bought from and redeemed with the company at a net asset value for a monetarily equivalent number of shares of the one or more classes of shares which are exchange-traded shares of the company. An authorized participant may purchase exchangetraded shares directly from the investment company in exchange for a basket of securities of generally equivalent monetary value. A direct purchase requires a purchase of a predetermined number of exchange-traded shares. An investor may also purchase or sell exchange-traded shares on the secondary market through a broker. The exchange-traded shares may be issued by an open-end mutual fund, a closed-end mutual fund, or a unit investment trust.
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Lenhard Walter
Sauter George U.
Akin Gump Strauss Hauer & Feld L.L.P.
Fults Richard
Sough Hyung
The Vanguard Group, Inc.
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