We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
ISA Internationale Inc (GM) | USOTC:ISAT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
ALPS, A DST Company |
ALPS Distributors, Inc. 1290 Broadway, Suite 1100 Denver, CO 80203 303.623.2577 TEL 303.623.7850 FAX www.alpsinc.com |
June 4, 2013
Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549
Re: RiverNorth Funds
File Nos. 333-136185 and 811-21934
Dear Sir/Madam:
You will find enclosed herewith a copy of the Fidelity Bond for the RiverNorth Funds pursuant to Regulation 270.17g-1 of the Regulations of the Commission issued under the Investment Company Act of 1940.
Also enclosed herewith is a copy of the Resolutions of the majority of the Board of Trustees who are not interested persons of the above-captioned Registrant approving the amount, type, form, and coverage of the Fidelity Bond now in effect for the Registrant.
The premiums for the Bond have been paid for the period from May 31, 201 3 to May 31, 2014 .
If you have any questions, please contact the undersigned at 720-917-0641.
Sincerely,
/s/ Paul F. Leone |
Paul F. Leone |
Secretary |
RiverNorth Funds |
Enclosures
IMPORTANT NOTICE TO POLICYHOLDERS |
All of the members of the Chubb Group of Insurance companies doing business in the United |
States (hereinafter “Chubb”) distribute their products through licensed insurance brokers and agents |
(“producers”). Detailed information regarding the types of compensation paid by Chubb to producers on |
US insurance transactions is available under the Producer Compensation link located at the bottom of the |
page at www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from |
your producer. |
Thank you for choosing Chubb. |
10-02-1295 (ed. 6/2007)
POLICYHOLDER |
DISCLOSURE NOTICE OF |
TERRORISM INSURANCE COVERAGE |
(for policies with no terrorism exclusion or sublimit) |
You are hereby notified that, under the Terrorism Risk Insurance Act (the Act), effective |
December 26, 2007, this policy makes available to you insurance for losses arising out of |
certain acts of terrorism. Terrorism is defined as any act certified by the Secretary of the |
Treasury, in concurrence with the Secretary of State and the Attorney General of the |
United States, to be an act of terrorism; to be a violent act or an act that is dangerous to |
human life, property or infrastructure; to have resulted in damage within the United |
States, or outside the United States in the case of an air carrier or vessel or the premises |
of a United States Mission; and to have been committed by an individual or individuals as |
part of an effort to coerce the civilian population of the United States or to influence the |
policy or affect the conduct of the United States Government by coercion. |
You should know that the insurance provided by your policy for losses caused by acts of |
terrorism is partially reimbursed by the United States under the formula set forth in the |
Act. Under this formula, the United States pays 85% of covered terrorism losses that |
exceed the statutorily established deductible to be paid by the insurance company |
providing the coverage. |
However, if aggregate insured losses attributable to terrorist acts certified under the Act |
exceed $100 billion in a Program Year (January 1 through December 31), the Treasury |
shall not make any payment for any portion of the amount of such losses that exceeds |
$100 billion. |
10-02-1281 (Ed. 1/2003)
If aggregate insured losses attributable to terrorist acts certified under the Act exceed |
$100 billion in a Program Year (January 1 through December 31) and we have met our |
insurer deductible under the Act, we shall not be liable for the payment of any portion of |
the amount of such losses that exceeds $100 billion, and in such case insured losses up |
to that amount are subject to pro rata allocation in accordance with procedures |
established by the Secretary of the Treasury. |
The portion of your policys annual premium that is attributable to insurance for such acts |
of terrorism is: $ -0-. |
If you have any questions about this notice, please contact your agent or broker. |
10-02-1281 (Ed. 1/2003)
Important Notice: |
The SEC Requires Proof of Your Fidelity Insurance Policy |
Your company is now required to file an electronic copy of your fidelity insurance coverage |
(Chubbs ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to |
rules adopted by the SEC on June 12, 2006. |
Chubb is in the process of providing your agent/broker with an electronic copy of your insurance |
policy as well as instructions on how to submit this proof of fidelity insurance coverage to the |
SEC. You can expect to receive this information from your agent/broker shortly. |
The electronic copy of your policy is provided by Chubb solely as a convenience and does not |
affect the terms and conditions of coverage as set forth in the paper policy you receive by mail. |
The terms and conditions of the policy mailed to you, which are the same as those set forth in |
the electronic copy, constitute the entire agreement between your company and Chubb. |
If you have any questions, please contact your agent or broker. |
Form 14-02-12160 (ed. 7/2006)
ICAP Bond (5-98) - Federal | |
Form 17-02-1421 (Ed. 5-98) | Page 1 of 1 |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 1 of 19 |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 2 of 19 |
Insuring Clauses | ||||||
Extended Forgery | For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile | |||||
(continued) | signature is treated the same as a handwritten signature. | |||||
Counterfeit Money | 6 | . | Loss resulting directly from the receipt by the ASSURED in good faith of any | |||
Counterfeit money. | ||||||
Threats To Person | 7 | . | Loss resulting directly from surrender of Property away from an office of the | |||
ASSURED as a result of a threat communicated to the ASSURED to do bodily | ||||||
harm to an Employee as defined in Section 1.e. (1), (2) and (5), a Relative or | ||||||
invitee of such Employee , or a resident of the household of such Employee , who | ||||||
is, or allegedly is, being held captive provided, however, that prior to the surrender | ||||||
of such Property : | ||||||
a. | the Employee who receives the threat has made a reasonable effort to | |||||
notify an officer of the ASSURED who is not involved in such threat, and | ||||||
b. | the ASSURED has made a reasonable effort to notify the Federal Bureau of | |||||
Investigation and local law enforcement authorities concerning such threat. | ||||||
It is agreed that for purposes of this INSURING CLAUSE, any Employee of the | ||||||
ASSURED, as set forth in the preceding paragraph, shall be deemed to be an | ||||||
ASSURED hereunder, but only with respect to the surrender of money, securities | ||||||
and other tangible personal property in which such Employee has a legal or | ||||||
equitable interest. | ||||||
Computer System | 8 | . | Loss resulting directly from fraudulent: | |||
a. | entries of data into, or | |||||
b. | changes of data elements or programs within, | |||||
a Computer System , provided the fraudulent entry or change causes: | ||||||
(1 | ) | funds or other property to be transferred, paid or delivered, | ||||
(2 | ) | an account of the ASSURED or of its customer to be added, deleted, | ||||
debited or credited, or | ||||||
(3 | ) | an unauthorized account or a fictitious account to be debited or | ||||
credited. |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 3 of 19 |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 4 of 19 |
General Agreements | ||||
Additional Companies | A. | If more than one corporation, or Investment Company , or any combination of | ||
Included As Assured | them is included as the ASSURED herein: | |||
(1 | ) | The total liability of the COMPANY under this Bond for loss or losses | ||
sustained by any one or more or all of them shall not exceed the limit for | ||||
which the COMPANY would be liable under this Bond if all such loss were | ||||
sustained by any one of them. | ||||
(2 | ) | Only the first named ASSURED shall be deemed to be the sole agent of the | ||
others for all purposes under this Bond, including but not limited to the giving | ||||
or receiving of any notice or proof required to be given and for the purpose of | ||||
effecting or accepting any amendments to or termination of this Bond. The | ||||
COMPANY shall furnish each Investment Company with a copy of the | ||||
Bond and with any amendment thereto, together with a copy of each formal | ||||
filing of claim by any other named ASSURED and notification of the terms of | ||||
the settlement of each such claim prior to the execution of such settlement. | ||||
(3 | ) | The COMPANY shall not be responsible for the proper application of any | ||
payment made hereunder to the first named ASSURED. | ||||
(4 | ) | Knowledge possessed or discovery made by any partner, director, trustee, | ||
officer or supervisory employee of any ASSURED shall constitute knowledge | ||||
or discovery by all the ASSUREDS for the purposes of this Bond. | ||||
(5 | ) | If the first named ASSURED ceases for any reason to be covered under this | ||
Bond, then the ASSURED next named on the APPLICATION shall thereafter | ||||
be considered as the first named ASSURED for the purposes of this Bond. | ||||
Representation Made By | B. | The ASSURED represents that all information it has furnished in the | ||
Assured | APPLICATION for this Bond or otherwise is complete, true and correct. Such | |||
APPLICATION and other information constitute part of this Bond. | ||||
The ASSURED must promptly notify the COMPANY of any change in any fact or | ||||
circumstance which materially affects the risk assumed by the COMPANY under | ||||
this Bond. | ||||
Any intentional misrepresentation, omission, concealment or incorrect statement of | ||||
a material fact, in the APPLICATION or otherwise, shall be grounds for recision of | ||||
this Bond. |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 5 of 19 |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 6 of 19 |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 7 of 19 |
Conditions And | ||||||
Limitations | ||||||
Definitions | 1 | . | As used in this Bond: | |||
a. | Computer System means a computer and all input, output, processing, | |||||
storage, off-line media libraries, and communication facilities which are | ||||||
connected to the computer and which are under the control and supervision | ||||||
of the operating system(s) or application(s) software used by the ASSURED. | ||||||
b. | Counterfeit means an imitation of an actual valid original which is intended | |||||
to deceive and be taken as the original. | ||||||
c. | Custodian means the institution designated by an Investment Company to | |||||
maintain possession and control of its assets. | ||||||
d. | Customer means an individual, corporate, partnership, trust customer, | |||||
shareholder or subscriber of an Investment Company which has a written | ||||||
agreement with the ASSURED for Voice Initiated Funds Transfer | ||||||
Instruction . | ||||||
e. | Employee means: | |||||
(1 | ) | an officer of the ASSURED, | ||||
(2 | ) | a natural person while in the regular service of the ASSURED at any of | ||||
the ASSURED'S premises and compensated directly by the ASSURED | ||||||
through its payroll system and subject to the United States Internal | ||||||
Revenue Service Form W-2 or equivalent income reporting plans of | ||||||
other countries, and whom the ASSURED has the right to control and | ||||||
direct both as to the result to be accomplished and details and means | ||||||
by which such result is accomplished in the performance of such | ||||||
service, | ||||||
(3 | ) | a guest student pursuing studies or performing duties in any of the | ||||
ASSURED'S premises, | ||||||
(4 | ) | an attorney retained by the ASSURED and an employee of such | ||||
attorney while either is performing legal services for the ASSURED, | ||||||
(5 | ) | a natural person provided by an employment contractor to perform | ||||
employee duties for the ASSURED under the ASSURED'S supervision | ||||||
at any of the ASSURED'S premises, | ||||||
(6 | ) | an employee of an institution merged or consolidated with the | ||||
ASSURED prior to the effective date of this Bond, | ||||||
(7 | ) | a director or trustee of the ASSURED, but only while performing acts | ||||
within the scope of the customary and usual duties of any officer or | ||||||
other employee of the ASSURED or while acting as a member of any | ||||||
committee duly elected or appointed to examine or audit or have | ||||||
custody of or access to Property of the ASSURED, or |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 8 of 19 |
Conditions And | ||||
Limitations | ||||
Definitions | (8 | ) | each natural person, partnership or corporation authorized by written | |
(continued) | agreement with the ASSURED to perform services as electronic data | |||
processor of checks or other accounting records related to such checks but | ||||
only while such person, partnership or corporation is actually performing | ||||
such services and not: | ||||
a. | creating, preparing, modifying or maintaining the ASSURED'S | |||
computer software or programs, or | ||||
b. | acting as transfer agent or in any other agency capacity in issuing | |||
checks, drafts or securities for the ASSURED, | ||||
(9 | ) | any partner, officer or employee of an investment advisor, an underwriter | ||
(distributor), a transfer agent or shareholder accounting recordkeeper, or an | ||||
administrator, for an Investment Company while performing acts coming | ||||
within the scope of the customary and usual duties of an officer or employee | ||||
of an Investment Company or acting as a member of any committee duly | ||||
elected or appointed to examine, audit or have custody of or access to | ||||
Property of an Investment Company . | ||||
The term Employee shall not include any partner, officer or employee of a | ||||
transfer agent, shareholder accounting recordkeeper or administrator: | ||||
a. | which is not an "affiliated person" (as defined in Section 2(a) of the | |||
Investment Company Act of 1940) of an Investment Company or of | ||||
the investment advisor or underwriter (distributor) of such Investment | ||||
Company , or | ||||
b. | which is a "bank" (as defined in Section 2(a) of the Investment | |||
Company Act of 1940). | ||||
This Bond does not afford coverage in favor of the employers of | ||||
persons as set forth in e. (4), (5) and (8) above, and upon payment to | ||||
the ASSURED by the COMPANY resulting directly from Larceny or | ||||
Embezzlement committed by any of the partners, officers or | ||||
employees of such employers, whether acting alone or in collusion with | ||||
others, an assignment of such of the ASSURED'S rights and causes of | ||||
action as it may have against such employers by reason of such acts | ||||
so committed shall, to the extent of such payment, be given by the | ||||
ASSURED to the COMPANY, and the ASSURED shall execute all | ||||
papers necessary to secure to the COMPANY the rights provided for | ||||
herein. | ||||
Each employer of persons as set forth in e.(4), (5) and (8) above and the | ||||
partners, officers and other employees of such employers shall collectively | ||||
be deemed to be one person for all the purposes of this Bond; excepting, | ||||
however, the fifth paragraph of Section 13. | ||||
Independent contractors not specified in e.(4), (5) or (8) above, | ||||
intermediaries, agents, brokers or other representatives of the same general | ||||
character shall not be considered Employees . |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 9 of 19 |
Conditions And | ||
Limitations | ||
Definitions | f. | Forgery means the signing of the name of another natural person with the |
(continued) | intent to deceive but does not mean a signature which consists in whole or in | |
part of one's own name, with or without authority, in any capacity for any | ||
purpose. | ||
g. | Investment Company means any investment company registered under the | |
Investment Company Act of 1940 and listed under the NAME OF ASSURED | ||
on the DECLARATIONS. | ||
h. | Items of Deposit means one or more checks or drafts drawn upon a | |
financial institution in the United States of America. | ||
i. | Larceny or Embezzlement means larceny or embezzlement as defined in | |
Section 37 of the Investment Company Act of 1940. | ||
j. | Property means money, revenue and other stamps; securities; including any | |
note, stock, treasury stock, bond, debenture, evidence of indebtedness, | ||
certificate of deposit, certificate of interest or participation in any profit- | ||
sharing agreement, collateral trust certificate, preorganization certificate or | ||
subscription, transferable share, investment contract, voting trust certificate, | ||
certificate of deposit for a security, fractional undivided interest in oil, gas, or | ||
other mineral rights, any interest or instruments commonly known as a | ||
security under the Investment Company Act of 1940, any other certificate of | ||
interest or participation in, temporary or interim certificate for, receipt for, | ||
guarantee of, or warrant or right to subscribe to or purchase any of the | ||
foregoing; bills of exchange; acceptances; checks; withdrawal orders; money | ||
orders; travelers' letters of credit; bills of lading; abstracts of title; insurance | ||
policies, deeds, mortgages on real estate and/or upon chattels and interests | ||
therein; assignments of such policies, deeds or mortgages; other valuable | ||
papers, including books of accounts and other records used by the | ||
ASSURED in the conduct of its business (but excluding all electronic data | ||
processing records); and, all other instruments similar to or in the nature of | ||
the foregoing in which the ASSURED acquired an interest at the time of the | ||
ASSURED'S consolidation or merger with, or purchase of the principal | ||
assets of, a predecessor or which are held by the ASSURED for any | ||
purpose or in any capacity and whether so held gratuitously or not and | ||
whether or not the ASSURED is liable therefor. | ||
k. | Relative means the spouse of an Employee or partner of the ASSURED | |
and any unmarried child supported wholly by, or living in the home of, such | ||
Employee or partner and being related to them by blood, marriage or legal | ||
guardianship. | ||
l. | Securities, documents or other written instruments means original | |
(including original counterparts) negotiable or non-negotiable instruments, or | ||
assignments thereof, which in and of themselves represent an equitable | ||
interest, ownership, or debt and which are in the ordinary course of business | ||
transferable by delivery of such instruments with any necessary | ||
endorsements or assignments. |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 10 of 19 |
Conditions And | ||||
Limitations | ||||
Definitions | m. | Subsidiary means any organization that, at the inception date of this Bond, | ||
(continued) | is named in the APPLICATION or is created during the BOND PERIOD and | |||
of which more than fifty percent (50%) of the outstanding securities or voting | ||||
rights representing the present right to vote for election of directors is owned | ||||
or controlled by the ASSURED either directly or through one or more of its | ||||
subsidiaries. | ||||
n. | Transportation Company means any organization which provides its own | |||
or its leased vehicles for transportation or which provides freight forwarding | ||||
or air express services. | ||||
o. | Voice Initiated Election means any election concerning dividend options | |||
available to Investment Company shareholders or subscribers which is | ||||
requested by voice over the telephone. | ||||
p. | Voice Initiated Redemption means any redemption of shares issued by an | |||
Investment Company which is requested by voice over the telephone. | ||||
q. | Voice Initiated Funds Transfer Instruction means any Voice Initiated | |||
Redemption or Voice Initiated Election . | ||||
For the purposes of these definitions, the singular includes the plural and the | ||||
plural includes the singular, unless otherwise indicated. | ||||
General Exclusions - | 2 | . | This bond does not directly or indirectly cover: | |
Applicable to All Insuring | a. | loss not reported to the COMPANY in writing within sixty (60) days after | ||
Clauses | termination of this Bond as an entirety; | |||
b. | loss due to riot or civil commotion outside the United States of America and | |||
Canada, or any loss due to military, naval or usurped power, war or | ||||
insurrection. This Section 2.b., however, shall not apply to loss which occurs | ||||
in transit in the circumstances recited in INSURING CLAUSE 3., provided | ||||
that when such transit was initiated there was no knowledge on the part of | ||||
any person acting for the ASSURED of such riot, civil commotion, military, | ||||
naval or usurped power, war or insurrection; | ||||
c. | loss resulting from the effects of nuclear fission or fusion or radioactivity; | |||
d. | loss of potential income including, but not limited to, interest and dividends | |||
not realized by the ASSURED or by any customer of the ASSURED; | ||||
e. | damages of any type for which the ASSURED is legally liable, except | |||
compensatory damages, but not multiples thereof, arising from a loss | ||||
covered under this Bond; | ||||
f. | costs, fees and expenses incurred by the ASSURED in establishing the | |||
existence of or amount of loss under this Bond, except to the extent covered | ||||
under INSURING CLAUSE 11.; | ||||
g. | loss resulting from indirect or consequential loss of any nature; |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 11 of 19 |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 12 of 19 |
Conditions And | ||||
Limitations | ||||
Specific Exclusions - | f. | loss resulting from the failure for any reason of a financial or depository | ||
Applicable To All Insuring | institution, its receiver or other liquidator to pay or deliver funds or other | |||
Clauses Except Insuring | Property to the ASSURED provided further that this Section 3.f. shall not | |||
Clause 1. | apply to loss of Property resulting directly from robbery, burglary, | |||
(continued) | misplacement, mysterious unexplainable disappearance, damage, | |||
destruction or removal from the possession, custody or control of the | ||||
ASSURED. | ||||
g. | loss of Property while in the custody of a Transportation Company , | |||
provided however, that this Section 3.g. shall not apply to INSURING | ||||
CLAUSE 3.; | ||||
h. | loss resulting from entries or changes made by a natural person with | |||
authorized access to a Computer System who acts in good faith on | ||||
instructions, unless such instructions are given to that person by a software | ||||
contractor or its partner, officer, or employee authorized by the ASSURED to | ||||
design, develop, prepare, supply, service, write or implement programs for | ||||
the ASSURED's Computer System ; or | ||||
i. | loss resulting directly or indirectly from the input of data into a Computer | |||
System terminal, either on the premises of the customer of the ASSURED | ||||
or under the control of such a customer, by a customer or other person who | ||||
had authorized access to the customer's authentication mechanism. | ||||
Specific Exclusions - | 4 | . | This bond does not directly or indirectly cover: | |
Applicable To All Insuring | a. | loss resulting from the complete or partial non-payment of or default on any | ||
Clauses Except Insuring | loan whether such loan was procured in good faith or through trick, artifice, | |||
Clauses 1., 4., And 5. | fraud or false pretenses; provided, however, this Section 4.a. shall not apply | |||
to INSURING CLAUSE 8.; | ||||
b. | loss resulting from forgery or any alteration; | |||
c. | loss involving a counterfeit provided, however, this Section 4.c. shall not | |||
apply to INSURING CLAUSE 5. or 6. | ||||
Limit Of Liability/Non- | 5 | . | At all times prior to termination of this Bond, this Bond shall continue in force for | |
Reduction And Non- | the limit stated in the applicable sections of ITEM 2. of the DECLARATIONS, | |||
Accumulation Of Liability | notwithstanding any previous loss for which the COMPANY may have paid or be | |||
liable to pay under this Bond provided, however, that the liability of the COMPANY | ||||
under this Bond with respect to all loss resulting from: | ||||
a. | any one act of burglary, robbery or hold-up, or attempt thereat, in which no | |||
Employee is concerned or implicated, or | ||||
b. | any one unintentional or negligent act on the part of any one person | |||
resulting in damage to or destruction or misplacement of Property , or | ||||
c. | all acts, other than those specified in a. above, of any one person, or |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 13 of 19 |
Conditions And | ||||
Limitations | ||||
Limit Of Liability/Non- | d. | any one casualty or event other than those specified in a., b., or c. above, | ||
Reduction And Non- | shall be deemed to be one loss and shall be limited to the applicable LIMIT OF | |||
Accumulation Of Liability | LIABILITY stated in ITEM 2. of the DECLARATIONS of this Bond irrespective of | |||
(continued) | the total amount of such loss or losses and shall not be cumulative in amounts | |||
from year to year or from period to period. | ||||
All acts, as specified in c. above, of any one person which | ||||
i. | directly or indirectly aid in any way wrongful acts of any other person or | |||
persons, or | ||||
ii. | permit the continuation of wrongful acts of any other person or persons | |||
whether such acts are committed with or without the knowledge of the wrongful | ||||
acts of the person so aided, and whether such acts are committed with or without | ||||
the intent to aid such other person, shall be deemed to be one loss with the | ||||
wrongful acts of all persons so aided. | ||||
Discovery | 6 | . | This Bond applies only to loss first discovered by an officer of the ASSURED | |
during the BOND PERIOD. Discovery occurs at the earlier of an officer of the | ||||
ASSURED being aware of: | ||||
a. | facts which may subsequently result in a loss of a type covered by this Bond, | |||
or | ||||
b. | an actual or potential claim in which it is alleged that the ASSURED is liable | |||
to a third party, | ||||
regardless of when the act or acts causing or contributing to such loss occurred, | ||||
even though the amount of loss does not exceed the applicable DEDUCTIBLE | ||||
AMOUNT, or the exact amount or details of loss may not then be known. | ||||
Notice To Company - | 7 | . | a. | The ASSURED shall give the COMPANY notice thereof at the earliest |
Proof - Legal Proceedings | practicable moment, not to exceed sixty (60) days after discovery of loss, in | |||
Against Company | an amount that is in excess of 50% of the applicable DEDUCTIBLE | |||
AMOUNT, as stated in ITEM 2. of the DECLARATIONS. | ||||
b. | The ASSURED shall furnish to the COMPANY proof of loss, duly sworn to, | |||
with full particulars within six (6) months after such discovery. | ||||
c. | Securities listed in a proof of loss shall be identified by certificate or bond | |||
numbers, if issued with them. | ||||
d. | Legal proceedings for the recovery of any loss under this Bond shall not be | |||
brought prior to the expiration of sixty (60) days after the proof of loss is filed | ||||
with the COMPANY or after the expiration of twenty-four (24) months from | ||||
the discovery of such loss. | ||||
e. | This Bond affords coverage only in favor of the ASSURED. No claim, suit, | |||
action or legal proceedings shall be brought under this Bond by anyone | ||||
other than the ASSURED. |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 14 of 19 |
Conditions And | ||||
Limitations | ||||
Notice To Company - | f. | Proof of loss involving Voice Initiated Funds Transfer Instruction shall | ||
Proof - Legal Proceedings | include electronic recordings of such instructions. | |||
Against Company | ||||
(continued) | ||||
Deductible Amount | 8 | . | The COMPANY shall not be liable under any INSURING CLAUSES of this Bond | |
on account of loss unless the amount of such loss, after deducting the net amount | ||||
of all reimbursement and/or recovery obtained or made by the ASSURED, other | ||||
than from any Bond or policy of insurance issued by an insurance company and | ||||
covering such loss, or by the COMPANY on account thereof prior to payment by | ||||
the COMPANY of such loss, shall exceed the DEDUCTIBLE AMOUNT set forth in | ||||
ITEM 3. of the DECLARATIONS, and then for such excess only, but in no event | ||||
for more than the applicable LIMITS OF LIABILITY stated in ITEM 2. of the | ||||
DECLARATIONS. | ||||
There shall be no deductible applicable to any loss under INSURING CLAUSE 1. | ||||
sustained by any Investment Company . | ||||
Valuation | 9 | . | BOOKS OF ACCOUNT OR OTHER RECORDS | |
The value of any loss of Property consisting of books of account or other records | ||||
used by the ASSURED in the conduct of its business shall be the amount paid by | ||||
the ASSURED for blank books, blank pages, or other materials which replace the | ||||
lost books of account or other records, plus the cost of labor paid by the | ||||
ASSURED for the actual transcription or copying of data to reproduce such books | ||||
of account or other records. | ||||
The value of any loss of Property other than books of account or other records | ||||
used by the ASSURED in the conduct of its business, for which a claim is made | ||||
shall be determined by the average market value of such Property on the | ||||
business day immediately preceding discovery of such loss provided, however, | ||||
that the value of any Property replaced by the ASSURED with the consent of the | ||||
COMPANY and prior to the settlement of any claim for such Property shall be the | ||||
actual market value at the time of replacement. | ||||
In the case of a loss of interim certificates, warrants, rights or other securities, the | ||||
production of which is necessary to the exercise of subscription, conversion, | ||||
redemption or deposit privileges, the value of them shall be the market value of | ||||
such privileges immediately preceding their expiration if said loss is not discovered | ||||
until after their expiration. If no market price is quoted for such Property or for | ||||
such privileges, the value shall be fixed by agreement between the parties. | ||||
OTHER PROPERTY | ||||
The value of any loss of Property , other than as stated above, shall be the actual | ||||
cash value or the cost of repairing or replacing such Property with Property of | ||||
like quality and value, whichever is less. |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 15 of 19 |
Conditions And | ||||
Limitations | ||||
(continued) | ||||
Securities Settlement | 10 | . | In the event of a loss of securities covered under this Bond, the COMPANY may, | |
at its sole discretion, purchase replacement securities, tender the value of the | ||||
securities in money, or issue its indemnity to effect replacement securities. | ||||
The indemnity required from the ASSURED under the terms of this Section | ||||
against all loss, cost or expense arising from the replacement of securities by the | ||||
COMPANY'S indemnity shall be: | ||||
a. | for securities having a value less than or equal to the applicable | |||
DEDUCTIBLE AMOUNT - one hundred (100%) percent; | ||||
b. | for securities having a value in excess of the DEDUCTIBLE AMOUNT but | |||
within the applicable LIMIT OF LIABILITY - the percentage that the | ||||
DEDUCTIBLE AMOUNT bears to the value of the securities; | ||||
c. | for securities having a value greater than the applicable LIMIT OF LIABILITY | |||
- the percentage that the DEDUCTIBLE AMOUNT and portion in excess of | ||||
the applicable LIMIT OF LIABILITY bears to the value of the securities. | ||||
The value referred to in Section 10.a., b., and c. is the value in accordance with | ||||
Section 9, VALUATION, regardless of the value of such securities at the time the | ||||
loss under the COMPANY'S indemnity is sustained. | ||||
The COMPANY is not required to issue its indemnity for any portion of a loss of | ||||
securities which is not covered by this Bond; however, the COMPANY may do so | ||||
as a courtesy to the ASSURED and at its sole discretion. | ||||
The ASSURED shall pay the proportion of the Company's premium charge for the | ||||
Company's indemnity as set forth in Section 10.a., b., and c. No portion of the | ||||
LIMIT OF LIABILITY shall be used as payment of premium for any indemnity | ||||
purchased by the ASSURED to obtain replacement securities. | ||||
Subrogation - Assignment - 11. | In the event of a payment under this Bond, the COMPANY shall be subrogated to | |||
Recovery | all of the ASSURED'S rights of recovery against any person or entity to the extent | |||
of such payment. On request, the ASSURED shall deliver to the COMPANY an | ||||
assignment of the ASSURED'S rights, title and interest and causes of action | ||||
against any person or entity to the extent of such payment. | ||||
Recoveries, whether effected by the COMPANY or by the ASSURED, shall be | ||||
applied net of the expense of such recovery in the following order: | ||||
a. | first, to the satisfaction of the ASSURED'S loss which would otherwise have | |||
been paid but for the fact that it is in excess of the applicable LIMIT OF | ||||
LIABILITY, | ||||
b. | second, to the COMPANY in satisfaction of amounts paid in settlement of | |||
the ASSURED'S claim, | ||||
c. | third, to the ASSURED in satisfaction of the applicable DEDUCTIBLE | |||
AMOUNT, and |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 16 of 19 |
Conditions And | ||||
Limitations | ||||
Subrogation - Assignment - | d. | fourth, to the ASSURED in satisfaction of any loss suffered by the | ||
Recovery | ASSURED which was not covered under this Bond. | |||
(continued) | Recovery from reinsurance or indemnity of the COMPANY shall not be deemed a | |||
recovery under this section. | ||||
Cooperation Of Assured | 12 | . | At the COMPANY'S request and at reasonable times and places designated by | |
the COMPANY, the ASSURED shall: | ||||
a. | submit to examination by the COMPANY and subscribe to the same under | |||
oath, | ||||
b. | produce for the COMPANY'S examination all pertinent records, and | |||
c. | cooperate with the COMPANY in all matters pertaining to the loss. | |||
The ASSURED shall execute all papers and render assistance to secure to the | ||||
COMPANY the rights and causes of action provided for under this Bond. The | ||||
ASSURED shall do nothing after loss to prejudice such rights or causes of action. | ||||
Termination | 13 | . | If the Bond is for a sole ASSURED, it shall not be terminated unless written notice | |
shall have been given by the acting party to the affected party and to the | ||||
Securities and Exchange Commission, Washington, D.C., not less than sixty (60) | ||||
days prior to the effective date of such termination. | ||||
If the Bond is for a joint ASSURED, it shall not be terminated unless written notice | ||||
shall have been given by the acting party to the affected party, and by the | ||||
COMPANY to all ASSURED Investment Companies and to the Securities and | ||||
Exchange Commission, Washington, D.C., not less than sixty (60) days prior to | ||||
the effective date of such termination. | ||||
This Bond will terminate as to any one ASSURED, other than an Investment | ||||
Company : | ||||
a. | immediately on the taking over of such ASSURED by a receiver or other | |||
liquidator or by State or Federal officials, or | ||||
b. | immediately on the filing of a petition under any State or Federal statute | |||
relative to bankruptcy or reorganization of the ASSURED, or assignment for | ||||
the benefit of creditors of the ASSURED, or | ||||
c. | immediately upon such ASSURED ceasing to exist, whether through merger | |||
into another entity, disposition of all of its assets or otherwise. | ||||
The COMPANY shall refund the unearned premium computed at short rates in | ||||
accordance with the standard short rate cancellation tables if terminated by the | ||||
ASSURED or pro rata if terminated for any other reason. |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 17 of 19 |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 18 of 19 |
Conditions And | |
Limitations | |
Change or Modification | If this Bond is for a joint ASSURED, no charge or modification which would |
(continued) | adversely affect the rights of the ASSURED shall be effective prior to sixty (60) |
days after written notice has been furnished to all insured Investment Companies | |
and to the Securities and Exchange Commission, Washington, D.C., by the | |
COMPANY. |
ICAP Bond (5-98) | |
Form 17-02-1421 (Ed. 5-98) | Page 19 of 19 |
Date: May 28, 2013
ICAP Bond
Form 17-02-2365 (Ed. 10-00)
ICAP Bond | |
Form 17-02-2367 (Rev. 10-03) | Page 1 |
3 | . | By adding to Section 1., Definitions, the following: | |
r. | Telefacsimile means a system of transmitting written documents by electronic signals | ||
over telephone lines to equipment maintained by the ASSURED for the purpose of | |||
reproducing a copy of said document. Telefacsimile does not mean electronic | |||
communication sent by Telex or similar means of communication, or through an | |||
electronic communication system or through an automated clearing house. | |||
4 | . | By adding to Section 3., Specific Exclusions Applicable to All Insuring Clauses Except Insuring | |
Clause 1. the following: | |||
j. | loss resulting directly or indirectly from Telefacsimile instructions provided, however, this | ||
exclusion shall not apply to this INSURING CLAUSE. | |||
This Endorsement applies to loss discovered after 12:01 a.m. on May 31, 2013. | |||
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED. |
Date: May 28, 2013
ICAP Bond | |
Form 17-02-2367 (Rev. 10-03) | Page 2 |
ICAP Bond | |
Form 17-02-5602 (Ed. 10-03) | Page 1 |
u. | Withdrawal Order means a non-negotiable instrument, other than an Instruction , signed by a |
customer of the ASSURED authorizing the ASSURED to debit the customer’s account in the | |
amount of funds stated therein. | |
This Endorsement applies to loss discovered after 12:01 a.m. on May 31, 2013. | |
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED. |
Date: May 28, 2013
ICAP Bond | |
Form 17-02-5602 (Ed. 10-03) | Page 2 |
14-02-9228 (02/2010)
Page 1
17-02-2437 (12/2006) rev.
Page 1
14-02-14098 (04/2008)
Page 1
FEDERAL INSURANCE COMPANY | |
Endorsement No: | 7 |
Bond Number: | 70437045 |
NAME OF ASSURED: RIVERNORTH FUNDS | |
NAME OF ASSURED ENDORSEMENT | |
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as follows: | |
RIVERNORTH FUNDS | |
RIVERNORTH CORE OPPORTUNITY FUND | |
RIVERNORTH DOUBLELINE STRATEGIC INCOME FUND | |
RIVERNORTH/MANNING & NAPIER DIVIDENED INCOME FUND | |
RIVERNORTH DYNAMIC BUY-WRITE FUND | |
RIVERNORTH/OAKTREE HIGH INCOME FUND | |
This Endorsement applies to loss discovered after 12:01 a.m. on May 31, 2013. | |
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED. |
Date: May 28, 2013
ICAP Bond | |
Form 17-02-0949 (Rev. 1-97) | Page 1 |
R ESOLUTIONS ADOPTED BY THE B OARD OF T RUSTEES OF R IVER N ORTH F UNDS
on May 14, 2013
Approval of Insurance Coverage and Premium
WHEREAS , the Board of Trustees of the RiverNorth Funds (the Trust), including the Independent Trustees, have reviewed the proposed amount, type, form, and coverage of the Fidelity Bond (the Bond)
WHEREAS , the amount of the coverage under such Bond satisfies all requirements, including the applicable coverage amounts under Rule 17g-1 of the Investment Company Act of 1940, as amended, (the 1940 Act) for each series of the Trust
NOW THEREFORE, BE IT RESOLVED, that the Trust be named as an insured under the Bond having an aggregate coverage of $1,250,000 issued by Chubb against larceny, embezzlement, and such other types of losses as are included in a standard fidelity bond covering the officers and the other employees of the Trust from time to time, and contains such provisions as may be required by the rules promulgated under the 1940 Act.
RESOLVED, that the premium of $3,500, on the Bond is fair and reasonable and is approved by the Board of Trustees, including a majority of the Independent Trustees, taking all relevant factor into consideration, including but not limited to, the amount of the Bond and the amount of the premium for the Bond;
FURTHER RESOLVED, that the appropriate officers on behalf of the Trust are hereby authorized and directed to delivery to the SEC the Bond with such modifications as the officers, upon the advice of counsel, may deem appropriate or as may be required to conform with the requirements of any applicable statute, regulation or regulatory body; and
FINALLY RESOLVED, that the proper officers of the Trust be, and each of them hereby is, authorized to make any and all payments, and to do any and all other acts, in the name of the Trust and on their behalf, as they, or any of them, may determine to be necessary or desirable and proper with the advice of counsel in connection with or in furtherance of the foregoing resolutions.
1 Year ISA Internationale (GM) Chart |
1 Month ISA Internationale (GM) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions