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Corporate Actions Maintenance screen. Select the ‘Series Fund Merger’ option in the
Corporate Action Type field.
The example given below illustrates the corporate action ‘Series Fund Merger’
Example
Assume that Investor A purchases 1,000 units at the launch of the fund GFUND1, at
US$1,000 per unit (HWM of GFUND1). This will be the "Lead Series" of Unit. It is also
assumed that the incentive fees are being paid quarterly and HWM of fund is Greater of
Subscription Price and Previous high water mark.
Also, assume that at the end of the first month the Gross NAV ("GNAV") (the NAV before
deduction of incentive fee) for GFUND1 has risen to US$1,100 and therefore the NAV will be
US$1,080, net of US$20 / 20% incentive fee (Assuming performance fee is 20%).

NAV for GFUND1 is published at US$1,080
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