Board of Visitors minutes June 16, 2000 | ||
AUTHORIZATION TO INCREASE THE FISCAL YEAR 1999-2000 ENDOWMENT INCOME DISTRIBUTION
The following resolution was adopted:
RESOLVED that the Executive Vice President and Chief Operating Officer be authorized to increase the Fiscal Year 2000-2001 income distribution of Class A shares thirty percent from $68.76 per share to $89.39 per share, which equals 3.70 percent of the March 31, 2000, market value of the Pooled Endowment Fund;
RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer be authorized to increase the Fiscal Year 2000-2001 income distribution of Class B shares thirty percent from $94.43 per share to $122.76 per share, which equals 5.07 percent of the March 31, 2000, market value of the Pooled Endowment Fund;
RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer be authorized to increase the Fiscal Year 2000-2001 income distribution to the Sun Trust portion of the Miller Center endowment by four percent from $1,008,000 to $1,048,320, which equals 5.15 percent of the March 31, 2000, market value of that fund.
Board of Visitors minutes June 16, 2000 | ||