In the Create Preferred Shares Distribution panel, you can add a preferred shares distribution rate for a master fund and a series of preferred shares.
To create a preferred shares distribution rate:
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In Accounting Center, in the left navigation pane, click Setup > Fund Accounting >
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Preferred Shares >
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Create Preferred Shares Distribution Rate.
You see the Create Preferred Shares Distribution Rate panel.Complete the options on the Create Preferred Shares Distribution Rate panel.
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Click Submit.
An example of the panel follows.
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Create Preferred Shares Distribution Rate Panel Options
The following are the options in the Create Preferred Shares Distribution Rate panel.
Option | Tag | Description |
|---|---|---|
Add Preferred Stock Distribution Rate | ||
Entity ID | 1163 | Specifies the master fund entity identifier. You must select an entity eligible for preferred shares processing that has Preferred Stock Distributions specified as the Daily Distribution Method value. |
Entity Name | 1164 | Specifies the master fund entity name. The system displays the value that corresponds to the selected Entity ID. |
Class Code | 34 | Displays the Total Fund (TF) share class. |
Share Series | 16851 | Specifies the share series code value short description for the distribution rate. For example, A. |
Share Series Name | 1177 | Displays the code value long description for the selected share series. For example, SERIES A. |
Distribution Frequency | 735 | Specifies the distribution frequency. Options include:
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Beginning Period Date | 71 | Specifies the beginning date for the rate distribution period. |
Ending Period Date | 73 | Specifies the ending date for the rate distribution period. |
Rate | 746 | Specifies the rate for the distribution period. |
Distribution Daily Rate | 747 | Displays the daily distribution rate. The system calculates this value based on the distribution frequency and the number of days in the distribution period. |
Record Date | 731 | Specifies the record date. |
Ex Dt | 65 | Specifies the ex-date. An ex-date is the date on or after which a security is traded without a previously declared dividend or distribution. |
Reinvestment Date | 732 | Specifies the reinvestment date. |
Pay Date | 1119 | Specifies the payment date. |