Edit Preferred Shares Distribution Rates

 In the Edit Preferred Shares Distribution Rate panel, you can update a preferred shares distribution rate for a master fund and a series of preferred shares. 

To edit a preferred shares distribution rate:

1. In Accounting Center, in the left navigation pane, click Setup > Fund Accounting > Preferred Shares > Edit Preferred Shares Distribution Rate.
   You see the Edit Preferred Shares Distribution Rate panel.

2. In the Entity ID or Entity Name fields, select the unique identifier or name of the master fund with a rate you want to edit.

3. In the Report Start Date and Report End Date fields, enter the date range for the preferred shares distribution rate that you want to change. 

4. In the Share Series field, enter the code value for the share series associated with the distribution rate that you want to change.
   When you select a value, the panel displays the information for the selected preferred shares distribution rate. You can view the original and current rate begin date, and the Current Distribution Rate value.

5. In the New Distribution Rate field specify the new value for the distribution rate that you want to change. 

6. In the New Rate Effective Date field and the New Rate End Date field, specify the starting date that the new distribution rate takes effect and the ending date for that rate.
   You can view the number of days in the entire distribution period and the new period daily rate.

7. Complete the remaining options on the Create Preferred Shares Distribution Rate panel.
   You must specify a Payment Date value, and can optionally change the Record Date, Ex Dt, and Reinvestment Date values. 

8. Click Submit.