General Rules and Regulations
promulgated
under the
Securities Act of 1933
Rule 480 -- Title of Securities
If a registration statement is prepared on a form available solely to investment
companies registered under the Investment Company Act of 1940, or a business development
company which is selling or proposing to sell its securities pursuant to a registration
statement which has been filed under the Act, wherever the title of securities
is required to be stated there shall be given such information as will indicate
the type and general character of the securities, including the following:
In the case of shares, the par or stated value, if
any; the rate of dividends, if fixed, and whether cumulative or non-cumulative; a
brief indication of the preference, if any; and, if convertible, a statement to that
effect.
In the case of funded debt, the rate of interest; the
date of maturity, or, if the issue matures serially, a brief indication of the serial
maturities, such as "maturing serially from 1950 to 1960"; if the payment
of principal or interest is contingent, an appropriate indication of such contingency;
a brief indication of the priority of the issue; and, if convertible, a statement
to that effect.
In the case of any other kind of security, appropriate
information of comparable character.
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services. If legal advice or other expert assistance is required,
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