| — |
Class C shares that have been held for more than seven (7) years may be converted to Class A shares or other front-end share class(es) of the same fund
pursuant to Stifel’s policies and procedures. To the extent that this prospectus elsewhere provides for a waiver with respect to the exchange or conversion of such shares following a shorter holding period, those provisions shall continue to
apply.
|
| — |
Shares purchased by employees and registered representatives of Stifel or its affiliates and their family members as designated by Stifel.
|
| — |
Shares purchased in a Stifel fee-based advisory program, often referred to as a “wrap” program.
|
| — |
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same or other fund within the
Macquarie Funds.
|
| — |
Shares purchased from the proceeds of redeemed shares of Macquarie Funds so long as the proceeds are from the sale of shares from an account with the same
owner/beneficiary within 90 days of the purchase. For the absence of doubt, automated transactions (i.e. systematic purchases, including salary deferral transactions and withdrawals) and purchases made after shares are sold to cover Stifel
Nicolaus’ account maintenance fees are not eligible for rights of reinstatement.
|
| — |
Shares from rollovers into Stifel from retirement plans to IRAs.
|
| — |
Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the direction of Stifel.
Stifel is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in this prospectus.
|
| — |
Purchases of Class 529-A shares through a rollover from another 529 plan.
|
| — |
Purchases of Class 529-A shares made for reinvestment of refunded amounts.
|
| — |
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and
defined benefit plans). For purposes
|
| — |
Death or disability of the shareholder or, in the case of 529 plans, the account beneficiary.
|
| — |
Shares sold as part of a systematic withdrawal plan not to exceed 12% annually.
|
| — |
Return of excess contributions from an IRA Account.
|
| — |
Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on
applicable IRS regulations.
|
| — |
Shares acquired through a right of reinstatement.
|
| — |
Shares sold to pay Stifel fees or costs in such cases where the transaction is initiated by Stifel.
|
| — |
Shares exchanged or sold in a Stifel fee-based program.
|
| — |
Stifel continually looks to provide our clients with the lowest cost share class available based on account type. Stifel reserves the right to convert
shares to the lowest cost share class available at Stifel upon transfer of shares into an advisory program.
|