EX-99.A(79) 2 d417825dex99a79.htm ARTICLES OF AMENDMENT TO THE CHARTER Articles of Amendment to the Charter

Exhibit a(79)

MANNING & NAPIER FUND, INC.

ARTICLES OF AMENDMENT

MANNING & NAPIER FUND, INC. (the “Corporation”), a corporation organized under the laws of the State of Maryland, having its principal place of business at 290 Woodcliff Drive, Fairport, New York 14450, does hereby certify to the State Department of Assessments and Taxation of Maryland (the “Department”) that:

FIRST: The Corporation is registered as an open-end investment company under the Investment Company Act of 1940.

SECOND: Pursuant to Section 2-208 of the Maryland General Corporation Law and the authority granted to the Board of Directors of the Corporation (the “Board”) in the Corporation’s Articles of Incorporation, the Board has duly adopted resolutions on May 25, 2017 classifying and designating eight hundred forty million (840,000,000) of the Corporation’s five billion, forty-seven million, five hundred thousand (5,047,500,000) authorized, but unclassified and unissued, shares of common stock as: (i) four new portfolios of common stock of the Corporation with shares of each portfolio having one share class; and (ii) a new share class of common stock for eleven of the Corporation’s existing portfolios as more specifically set forth below:

 

Name of Class of Capital Stock    Number of Shares of
Capital Stock Classified        

Blended Asset Conservative Series R6

   100,000,000

Blended Asset Moderate Series R6

   100,000,000

Blended Asset Extended Series R6

   100,000,000

Blended Asset Maximum Series R6

   100,000,000

Target Income Series Class R6

   40,000,000

Target 2015 Series Class R6

   40,000,000

Target 2020 Series Class R6

   40,000,000

Target 2025 Series Class R6

   40,000,000

Target 2030 Series Class R6

   40,000,000

Target 2035 Series Class R6

   40,000,000

Target 2040 Series Class R6

   40,000,000

Target 2045 Series Class R6

   40,000,000

Target 2050 Series Class R6

   40,000,000

Target 2055 Series Class R6

   40,000,000

Target 2060 Series Class R6

   40,000,000

THIRD: Pursuant to Section 2-208 of the Maryland General Corporation Law and the authority granted to the Board of Directors of the Corporation (the “Board”) in the Corporation’s Articles of Incorporation, the Board has duly adopted resolutions via unanimous consent on March 1, 2017 authorizing the liquidation and termination of certain Series of the Company’s common stock, and reclassifying and redesignating the two hundred million (200,000,000) authorized and classified shares of the Series set forth below as authorized, but unclassified and unissued, shares of the Corporation.


Name of Class of
Capital Stock
  Number of Shares of
Capital Stock Classified          

Dynamic Opportunities Series Class I

  100,000,000

Dynamic Opportunities Series Class S

  100,000,000

FOURTH: Immediately before the resolutions set forth in Articles SECOND and Articles THIRD and upon filing for record these Articles of Amendment, the Corporation has the authority to issue fifteen billion (15,000,000,000) shares of common stock of the Corporation, par value $0.01 per share, having an aggregate par value of one hundred fifty million dollars ($150,000,000) and classified and designated as follows:

 

Name of Class of Capital Stock     Number of Shares of Capital Stock     
Classified    

Pro-Blend Maximum Term Series Class S

  125,000,000

Pro-Blend Maximum Term Series Class R2

  25,000,000

Pro-Blend Maximum Term Series Class R

  52,500,000

Pro-Blend Maximum Term Series Class I

  200,000,000

Pro-Blend Conservative Term Series Class S

  162,500,000

Pro-Blend Conservative Term Series Class R2

  25,000,000

Pro-Blend Conservative Term Series Class R

  52,500,000

Pro-Blend Conservative Term Series Class I

  75,000,000

World Opportunities Series Class S

  2,500,000,000

Pro-Blend Moderate Term Series Class S

  125,000,000

Pro-Blend Moderate Term Series Class R2

  25,000,000

Pro-Blend Moderate Term Series Class R

  52,500,000

Pro-Blend Moderate Term Series Class I

  125,000,000

Pro-Blend Extended Term Series Class S

  125,000,000

Pro-Blend Extended Term Series Class R2

  25,000,000

Pro-Blend Extended Term Series Class R

  52,500,000

Pro-Blend Extended Term Series Class I

  200,000,000

International Series Class S

  250,000,000

International Series Class I

  100,000,000

Global Fixed Income Series Class S

  100,000,000

Global Fixed Income Series Class I

  100,000,000

New York Tax Exempt Series Class A

  100,000,000

Ohio Tax Exempt Series Class A

  100,000,000

Diversified Tax Exempt Series Class A

  100,000,000

Equity Series Class S

  200,000,000

Overseas Series Class I

  200,000,000

High Yield Bond Series Class S

  125,000,000

High Yield Bond Series Class I

  100,000,000

Core Bond Series Class S

  125,000,000

Core Bond Series Class I

  100,000,000

Unconstrained Bond Series Class S

  125,000,000


Name of Class of Capital Stock     Number of Shares of Capital Stock     
Classified    

Unconstrained Bond Series Class I

  100,000,000

Disciplined Value Series Class S

  100,000,000

Disciplined Value Series Class I

  100,000,000

Real Estate Series Class S

  100,000,000

Real Estate Series Class I

  100,000,000

Target Income Series Class I

  100,000,000

Target Income Series Class K

  40,000,000

Target Income Series Class R

  40,000,000

Target 2015 Series Class I

  100,000,000

Target 2015 Series Class K

  40,000,000

Target 2015 Series Class R

  40,000,000

Target 2020 Series Class I

  100,000,000

Target 2020 Series Class K

  40,000,000

Target 2020 Series Class R

  40,000,000

Target 2025 Series Class I

  100,000,000

Target 2025 Series Class K

  40,000,000

Target 2025 Series Class R

  40,000,000

Target 2030 Series Class I

  100,000,000

Target 2030 Series Class K

  40,000,000

Target 2030 Series Class R

  40,000,000

Target 2035 Series Class I

  100,000,000

Target 2035 Series Class K

  40,000,000

Target 2035 Series Class R

  40,000,000

Target 2040 Series Class I

  100,000,000

Target 2040 Series Class K

  40,000,000

Target 2040 Series Class R

  40,000,000

Target 2045 Series Class I

  100,000,000

Target 2045 Series Class K

  40,000,000

Target 2045 Series Class R

  40,000,000

Target 2050 Series Class I

  100,000,000

Target 2050 Series Class K

  40,000,000

Target 2050 Series Class R

  40,000,000

Target 2055 Series Class I

  100,000,000

Target 2055 Series Class K

  40,000,000

Target 2055 Series Class R

  40,000,000

Target 2060 Series Class I

  100,000,000

Target 2060 Series Class K

  40,000,000

Target 2060 Series Class R

  40,000,000

Emerging Markets Series Class S

  100,000,000

Emerging Markets Series Class I

  100,000,000

Quality Equity Series Class S

  100,000,000

Quality Equity Series Class I

  100,000,000

Strategic Income Conservative Series Class S

  100,000,000


Name of Class of Capital Stock     Number of Shares of Capital Stock     
Classified    

Strategic Income Conservative Series Class I

  100,000,000

Strategic Income Moderate Series Class S

  100,000,000

Strategic Income Moderate Series Class I

  100,000,000

International Disciplined Value Series Class S

  100,000,000

International Disciplined Value Series Class I

  100,000,000

Dynamic Opportunities Series Class S

  100,000,000

Dynamic Opportunities Series Class I

  100,000,000

Equity Income Series Class S

  100,000,000

Equity Income Series Class I

  100,000,000

Rainier International Discovery Series Class K

  100,000,000

Rainier International Discovery Series Class I

  100,000,000

Rainier International Discovery Series Class R6

  100,000,000

Authorized but Unclassified and Unissued

  5,047,500,000

FIFTH: Immediately after the liquidation and termination of the Series and upon filing for record these Articles of Amendment, the Corporation has the authority to issue fifteen billion (15,000,000,000) shares of common stock of the Corporation, par value $0.01 per share, having an aggregate par value of one hundred fifty million dollars ($150,000,000) and classified and designated as follows:

 

Name of Class of Capital Stock     Number of Shares of Capital Stock     
Classified    

Pro-Blend Maximum Term Series Class S

  125,000,000

Pro-Blend Maximum Term Series Class R2

  25,000,000

Pro-Blend Maximum Term Series Class R

  52,500,000

Pro-Blend Maximum Term Series Class I

  200,000,000

Pro-Blend Conservative Term Series Class S

  162,500,000

Pro-Blend Conservative Term Series Class R2

  25,000,000

Pro-Blend Conservative Term Series Class R

  52,500,000

Pro-Blend Conservative Term Series Class I

  75,000,000

World Opportunities Series Class S

  2,500,000,000

Pro-Blend Moderate Term Series Class S

  125,000,000

Pro-Blend Moderate Term Series Class R2

  25,000,000

Pro-Blend Moderate Term Series Class R

  52,500,000

Pro-Blend Moderate Term Series Class I

  125,000,000

Pro-Blend Extended Term Series Class S

  125,000,000

Pro-Blend Extended Term Series Class R2

  25,000,000

Pro-Blend Extended Term Series Class R

  52,500,000

Pro-Blend Extended Term Series Class I

  200,000,000

International Series Class S

  250,000,000

International Series Class I

  100,000,000

Global Fixed Income Series Class S

  100,000,000


Name of Class of Capital Stock     Number of Shares of Capital Stock     
Classified    

Global Fixed Income Series Class I

  100,000,000

New York Tax Exempt Series Class A

  100,000,000

Ohio Tax Exempt Series Class A

  100,000,000

Diversified Tax Exempt Series Class A

  100,000,000

Equity Series Class S

  200,000,000

Overseas Series Class I

  200,000,000

High Yield Bond Series Class S

  125,000,000

High Yield Bond Series Class I

  100,000,000

Core Bond Series Class S

  125,000,000

Core Bond Series Class I

  100,000,000

Unconstrained Bond Series Class S

  125,000,000

Unconstrained Bond Series Class I

  100,000,000

Disciplined Value Series Class S

  100,000,000

Disciplined Value Series Class I

  100,000,000

Real Estate Series Class S

  100,000,000

Real Estate Series Class I

  100,000,000

Target Income Series Class I

  100,000,000

Target Income Series Class K

  40,000,000

Target Income Series Class R

  40,000,000

Target Income Series Class R6

  40,000,000

Target 2015 Series Class I

  100,000,000

Target 2015 Series Class K

  40,000,000

Target 2015 Series Class R

  40,000,000

Target 2015 Series Class R6

  40,000,000

Target 2020 Series Class I

  100,000,000

Target 2020 Series Class K

  40,000,000

Target 2020 Series Class R

  40,000,000

Target 2020 Series Class R6

  40,000,000

Target 2025 Series Class I

  100,000,000

Target 2025 Series Class K

  40,000,000

Target 2025 Series Class R

  40,000,000

Target 2025 Series Class R6

  40,000,000

Target 2030 Series Class I

  100,000,000

Target 2030 Series Class K

  40,000,000

Target 2030 Series Class R

  40,000,000

Target 2030 Series Class R6

  40,000,000

Target 2035 Series Class I

  100,000,000

Target 2035 Series Class K

  40,000,000

Target 2035 Series Class R

  40,000,000

Target 2035 Series Class R6

  40,000,000

Target 2040 Series Class I

  100,000,000

Target 2040 Series Class K

  40,000,000

Target 2040 Series Class R

  40,000,000


Name of Class of Capital Stock     Number of Shares of Capital Stock     
Classified    

Target 2040 Series Class R6

  40,000,000

Target 2045 Series Class I

  100,000,000

Target 2045 Series Class K

  40,000,000

Target 2045 Series Class R

  40,000,000

Target 2045 Series Class R6

  40,000,000

Target 2050 Series Class I

  100,000,000

Target 2050 Series Class K

  40,000,000

Target 2050 Series Class R

  40,000,000

Target 2050 Series Class R6

  40,000,000

Target 2055 Series Class I

  100,000,000

Target 2055 Series Class K

  40,000,000

Target 2055 Series Class R

  40,000,000

Target 2055 Series Class R6

  40,000,000

Target 2060 Series Class I

  100,000,000

Target 2060 Series Class K

  40,000,000

Target 2060 Series Class R

  40,000,000

Target 2060 Series Class R6

  40,000,000

Emerging Markets Series Class S

  100,000,000

Emerging Markets Series Class I

  100,000,000

Quality Equity Series Class S

  100,000,000

Quality Equity Series Class I

  100,000,000

Strategic Income Conservative Series Class S

  100,000,000

Strategic Income Conservative Series Class I

  100,000,000

Strategic Income Moderate Series Class S

  100,000,000

Strategic Income Moderate Series Class I

  100,000,000

International Disciplined Value Series Class S

  100,000,000

International Disciplined Value Series Class I

  100,000,000

Equity Income Series Class S

  100,000,000

Equity Income Series Class I

  100,000,000

Rainier International Discovery Series Class K

  100,000,000

Rainier International Discovery Series Class I

  100,000,000

Rainier International Discovery Series Class R6

  100,000,000

Blended Asset Conservative Series R6

  100,000,000

Blended Asset Moderate Series R6

  100,000,000

Blended Asset Extended Series R6

  100,000,000

Blended Asset Maximum Series R6

  100,000,000

Authorized but Unclassified and Unissued

  4,407,500,000

SIXTH: The description of the shares of stock designated as set forth above, including any preference, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption is as set forth in the Articles and has not changed in connection with these Articles of Amendment.


SEVENTH: Pursuant to the requirements of Section 2-607 of the Maryland General Corporation Law, these Articles of Amendment are limited to changes expressly authorized by Section 2-105 or Section 2-605 of the Maryland General Corporation Law to be made without action by the stockholders.

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IN WITNESS WHEREOF, MANNING & NAPIER FUND, INC. has caused these Articles of Amendment to be signed in its name and on its behalf by its President and its corporate seal to be hereunto affixed and attested by its Secretary as of the 19th day of June, 2017.

 

MANNING & NAPIER FUND, INC.

By:            

 

/s/ Michele T. Mosca

 

Michele T. Mosca

 

President

[Seal]

Attest:

/s/Elizabeth Craig

Elizabeth Craig

Secretary

        THE UNDERSIGNED, President of Manning & Napier Fund, Inc., who executed on behalf of said corporation the foregoing Articles of Amendment of which this certificate is made a part, hereby acknowledges, in the name and on behalf of said corporation, the foregoing Articles of Amendment to be the corporate act of said corporation and further certifies that, to the best of her knowledge, information and belief, the matters and facts set forth herein with respect to the approval thereof are true in all material respects, under the penalties of perjury.

 

/s/ Michele T. Mosca

Michele T. Mosca

President