Transfer Units
The following instructions pertain to the transfer of Fund units to eligible US investors by US residents. Canadian investors may transfer units only in very limited circumstances in accordance with securities laws in Canada. The restrictions of securities laws in Canada are more restrictive than the rights described below that are available to U.S. investors. Please call 1-800-443-4306 for instructions pertaining to the transfer of Fund units by Canadian residents.
Note: Transfers of Units are subject to approval by the Fund. Any attempted Transfer of a Unit other than in accordance with the Limited Partnership Agreement shall be null and void and of no force or effect whatsoever, and the purported transferee shall have no rights as a Limited Partner.
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Eligible Transferor(s) are any registered owner of Fund Units
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Eligible Transferees includes the following
- Eligible Employees or Directors1
- Eligible Family Members2
- Qualified Investment Vehicles 3
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The transfer of Fund Units is permitted to be made by the Eligible Transferor(s), either individually or jointly, to Eligible Transferees under the following conditions:
- Minimum transfer amount: $25,000 or 100% of the Transferor's Units, if such Units have an aggregate net asset value of less than $25,000.
- Transfers are allowed only after the close of business on the last business day of any calendar quarter.
- The value of the transfer is at the net asset value per Unit immediately preceding the transfer date.
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Required Actions
- A transferor should provide written notice to the Fund that they wish to transfer Fund Units at least 45 calendar days prior to the transfer date of the Units.
- Approval is required prior to transfer. The Fund will notify you if the transfer is approved.
- If the proposed transfer is approved, a properly executed Unit Transfer Application must be received by the Fund prior to the proposed transfer date, along with a Subscription Agreement completed by the Transferee.
Please contact Customer Service at (800) 443-4306 or Kif_Info @jpmorgan.com to obtain the Unit Transfer Application or if you have any questions.
1Eligible Employees or Directors are current or former participants in the Peter Kiewit Sons', Inc. ("Kiewit") Employee Ownership Plan who are or were full-time employees of Kiewit or Kiewit's affiliated companies, current or former holders of Kiewit's common stock, directors of Kiewit, or directors of the Fund.
2Eligible Family Members are one of the following, including step and adoptive relationships: current spouse, parents, current spouses of parents, children, current spouses of children, brothers, sisters or grandchildren of Eligible Employees or Directors.
3Qualified Investment Vehicles include one of the following: (a) Grantor, Living or Spendthrift trusts where the trustees and/or grantors are Eligible Employees or Directors or the Qualified Investment Vehicle was established solely for the benefit of Eligible Employees or Directors or their Eligible Family Members and all beneficiaries are Eligible Employees or Directors or their Eligible Family Members; (b) Family Limited Partnerships or Family Limited Liability Corporations where all of the voting power is controlled by Eligible Employees or Directors and the Eligible Employees or Directors exercise investment discretion and control over the vehicle; or (c) Uniform Gift or Uniform Gift to Minor Trust Accounts established for minors who are Eligible Family Members.
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