Create Preferred Shares Distribution Rates
- Nancy Cohn (Deactivated)
 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.Â
To create a preferred shares distribution rate:
In Accounting Center, in the left navigation pane, click Setup > Fund Accounting > Preferred Shares > 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.
Click Submit.
An example of the panel follows.
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 | Â | Â |
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:
|
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. |
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