EX-99.(A)(77) 2 a16-5934_1ex99da77.htm EX-99.(A)(77)

Exhibit (a)(77)

 

THE RBB FUND, INC.

 

ARTICLES SUPPLEMENTARY

 

THE RBB FUND, INC., a Maryland corporation (the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

 

FIRST:  In accordance with the requirements of Section 2-208 of the Maryland General Corporation Law, and under a power contained in the charter of the Corporation (the “Charter”), the Board of Directors of the Corporation (the “Board of Directors”) adopted resolutions classifying an aggregate of 300,000,000 authorized but unclassified and unissued shares of common stock, par value $.001 per share (the “Common Stock”), of the Corporation as follows:

 

1.              Class AAAAAA. 100,000,000 shares of authorized but unclassified and unissued shares of Common Stock (the “Undesignated Common Stock”) are hereby classified and designated as Class AAAAAA shares of Common Stock representing interests in the Summit Global Investments Small Cap Low Volatility Fund — Retail Class Shares.

 

2.              Class BBBBBB. 100,000,000 shares of Undesignated Common Stock are hereby classified and designated as Class BBBBBB shares of Common Stock representing interests in the Summit Global Investments Small Cap Low Volatility Fund —Class I Shares.

 

3.              Class CCCCCC. 100,000,000 shares of Undesignated Common Stock are hereby classified and designated as Class CCCCCC shares of Common Stock representing interests in the Summit Global Investments Small Cap Low Volatility Fund — Class C Shares.

 

SECOND: A description of the shares so classified with the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms and conditions of redemption as set or changed by the Board of Directors is as set forth in Article VI, Section (6) of the Corporation’s Articles of Incorporation and as set forth elsewhere in the Charter with respect to stock of the Corporation generally, and as follows:

 

1.  To the full extent permitted by applicable law, the Corporation may, without the vote of the shares of any class of capital stock of the Corporation then outstanding and if so determined by the Board of Directors:

 

(A)(1) sell and convey the assets belonging to Class AAAAAA, Class BBBBBB and Class CCCCCC Common Stock (each a “Class”) to another trust or corporation that is a management investment company (as defined in

 



 

the Investment Company Act of 1940, as amended) and is organized under the laws of any state of the United States for consideration, which may include the assumption of all outstanding obligations, taxes and other liabilities, accrued or contingent, belonging to such Class and which may include securities issued by such trust or corporation.  Following such sale and conveyance, and after making provision for the payment of any liabilities belonging to such Class that are not assumed by the purchaser of the assets belonging to such Class, the Corporation may, at its option, redeem all outstanding shares of such Class at the net asset value thereof as determined by the Board of Directors in accordance with the provisions of applicable law, less such redemption fee or other charge, if any, as may be fixed by resolution of the Board of Directors.  Notwithstanding any other provision of the Charter to the contrary, the redemption price may be paid in any combination of cash or other assets belonging to such Class, including but not limited to the distribution of the securities or other consideration received by the Corporation for the assets belonging to such Class upon such conditions as the Board of Directors deems, in its sole discretion, to be appropriate and consistent with applicable law and the Charter;

 

(2) sell and convert the assets belonging to a Class into money and, after making provision for the payment of all obligations, taxes and other liabilities, accrued or contingent, belonging to such Class, the Corporation may, at its option, redeem all outstanding shares of such Class at the net asset value thereof as determined by the Board of Directors in accordance with the provisions of applicable law, less such redemption fee or other charge, if any, as may be fixed by resolution of the Board of Directors upon such conditions as the Board of Directors deems, in its sole discretion, to be appropriate and consistent with applicable law and the Charter; or

 

(3) combine the assets belonging to a Class with the assets belonging to any one or more other classes of capital stock of the Corporation if the Board of Directors reasonably determines that such combination will not have a material adverse effect on the stockholders of any class of capital stock of the Corporation participating in such combination.  In connection with any such combination of assets, the shares of the Class then outstanding may, if so determined by the Board of Directors, be converted into shares of any other class or classes of capital stock of the Corporation with respect to which conversion is permitted by applicable law, or may be redeemed, at the option of the Corporation, at the net asset value thereof as determined by the Board of Directors in accordance with the provisions of applicable law, less such redemption fee or other charge, or conversion cost, if any, as may be fixed by resolution of the Board of Directors upon such conditions as the Board of Directors deems, in its sole discretion, to be appropriate and consistent with applicable law and the Charter.  Notwithstanding any other provision of these Articles Supplementary or the Charter to the contrary, any redemption price, or part thereof, paid pursuant to this section may be paid in shares of any other existing or future class or classes of capital stock of the Corporation; and

 

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(B) without limiting the foregoing, at its option, redeem shares of the Classes for any other reason if the Board of Directors has determined that it is in the best interest of the Corporation to do so.  Any such redemption shall be at the net asset value of such shares of such Class being redeemed less such redemption fee or other charge, if any, as may be fixed by resolution of the Board of Directors and shall be made and effective upon such terms and in accordance with procedures approved by the Board of Directors at such time.

 

2.  The shares of Class AAAAAA, Class BBBBBB and Class CCCCCC Common Stock will be issued without stock certificates.

 

THIRD:  The shares aforesaid have been duly classified by the Board of Directors of under the authority contained in the Charter. The aggregate number of authorized shares of stock of the Corporation is not changed by the Articles Supplementary.

 

FOURTH:    Immediately after the classification of shares of Undesignated Common Stock as shares of Class AAAAAA, Class BBBBBB and Class CCCCCC Common Stock:

 

(a)             the Corporation has the authority to issue 100,000,000,000 shares of its Common Stock, par value $.001 per share, and the aggregate par value of all the shares of all classes is $100,000,000; and

 

(b)             the number of authorized shares of each class of Common Stock is as follows:

 

Class A

100,000,000

 

Class B

100,000,000

 

Class C

100,000,000

 

Class D

100,000,000

 

Class E

500,000,000

 

Class F

500,000,000

 

Class G

500,000,000

 

Class H

500,000,000

 

Class I

1,500,000,000

 

Class J

500,000,000

 

Class K

500,000,000

 

Class L

1,500,000,000

 

Class M

500,000,000

 

Class N

500,000,000

 

Class O

500,000,000

 

Class P

100,000,000

 

Class Q

100,000,000

 

Class R

500,000,000

 

Class S

500,000,000

 

Class T

500,000,000

 

Class U

500,000,000

 

Class V

500,000,000

 

Class W

100,000,000

 

 

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Class X

50,000,000

 

Class Y

50,000,000

 

Class Z

50,000,000

 

 

 

 

 

Class AA

50,000,000

 

Class BB

50,000,000

 

Class CC

50,000,000

 

Class DD

100,000,000

 

Class EE

100,000,000

 

Class FF

50,000,000

 

Class GG

50,000,000

 

Class HH

50,000,000

 

Class II

100,000,000

 

Class JJ

100,000,000

 

Class KK

100,000,000

 

Class LL

100,000,000

 

Class MM

100,000,000

 

Class NN

100,000,000

 

Class OO

100,000,000

 

Class PP

100,000,000

 

Class QQ

100,000,000

 

Class RR

100,000,000

 

Class SS

100,000,000

 

Class TT

100,000,000

 

Class UU

100,000,000

 

Class VV

100,000,000

 

Class WW

100,000,000

 

Class YY

100,000,000

 

Class ZZ

100,000,000

 

 

 

 

 

Class AAA

100,000,000

 

Class BBB

100,000,000

 

Class CCC

100,000,000

 

Class DDD

100,000,000

 

Class EEE

100,000,000

 

Class FFF

100,000,000

 

Class GGG

100,000,000

 

Class HHH

100,000,000

 

Class III

100,000,000

 

Class JJJ

100,000,000

 

Class KKK

100,000,000

 

Class LLL

100,000,000

 

Class MMM

100,000,000

 

Class NNN

100,000,000

 

Class OOO

100,000,000

 

Class PPP

100,000,000

 

Class QQQ

2,500,000,000

 

Class RRR

2,500,000,000

 

 

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Class SSS

100,000,000

 

Class TTT

50,000,000

 

Class UUU

50,000,000

 

Class VVV

50,000,000

 

Class WWW

50,000,000

 

Class XXX

100,000,000

 

Class YYY

100,000,000

 

Class ZZZ

100,000,000

 

 

 

 

 

Class AAAA

50,000,000,000

 

Class BBBB

300,000,000

 

Class CCCC

300,000,000

 

Class DDDD

300,000,000

 

Class EEEE

100,000,000

 

Class FFFF

100,000,000

 

Class GGGG

100,000,000

 

Class HHHH

100,000,000

 

Class IIII

100,000,000

 

Class JJJJ

100,000,000

 

Class KKKK

100,000,000

 

Class LLLL

100,000,000

 

Class MMMM

100,000,000

 

Class NNNN

100,000,000

 

Class OOOO

100,000,000

 

Class PPPP

100,000,000

 

Class QQQQ

100,000,000

 

Class RRRR

100,000,000

 

Class SSSS

100,000,000

 

Class TTTT

100,000,000

 

Class UUUU

100,000,000

 

Class VVVV

100,000,000

 

Class WWWW

100,000,000

 

Class XXXX

100,000,000

 

Class YYYY

100,000,000

 

Class ZZZZ

100,000,000

 

 

 

 

 

Class AAAAA

100,000,000

 

Class BBBBB

750,000,000

 

Class CCCCC

100,000,000

 

Class DDDDD

100,000,000

 

Class EEEEE

100,000,000

 

Class FFFFF

100,000,000

 

Class GGGGG

100,000,000

 

Class HHHHH

100,000,000

 

Class IIIII

100,000,000

 

Class JJJJJ

100,000,000

 

Class KKKKK

100,000,000

 

Class LLLLL

100,000,000

 

 

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Class MMMMM

100,000,000

 

Class NNNNN

100,000,000

 

Class OOOOO

100,000,000

 

Class PPPPP

100,000,000

 

Class QQQQQ

100,000,000

 

Class RRRRR

100,000,000

 

Class SSSSS

100,000,000

 

Class TTTTT

100,000,000

 

Class UUUUU

100,000,000

 

Class VVVVV

100,000,000

 

Class WWWWW

100,000,000

 

Class XXXXX

100,000,000

 

Class YYYYY

100,000,000

 

Class ZZZZZ

100,000,000

 

 

 

 

 

Class AAAAAA

100,000,000

 

Class BBBBBB

100,000,000

 

Class CCCCCC

100,000,000

 

 

 

 

 

Class Select

700,000,000

 

Class Beta 2

1,000,000

 

Class Beta 3

1,000,000

 

Class Beta 4

1,000,000

 

Class Principal Money

700,000,000

 

Class Gamma 2

1,000,000

 

Class Gamma 3

1,000,000

 

Class Gamma 4

1,000,000

 

 

 

 

 

Class Bear Stearns Money

2,500,000,000

 

Class Bear Stearns

 

 

 

Municipal Money

1,500,000,000

 

Class Bear Stearns

 

 

 

Government Money

1,000,000,000

 

 

 

 

 

Class Delta 4

1,000,000

 

Class Epsilon 1

1,000,000

 

Class Epsilon 2

1,000,000

 

Class Epsilon 3

1,000,000

 

Class Epsilon 4

1,000,000

 

Class Zeta 1

1,000,000

 

Class Zeta 2

1,000,000

 

Class Zeta 3

1,000,000

 

Class Zeta 4

1,000,000

 

Class Eta 1

1,000,000

 

Class Eta 2

1,000,000

 

Class Eta 3

1,000,000

 

Class Eta 4

1,000,000

 

 

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Class Theta 1

1,000,000

 

Class Theta 2

1,000,000

 

Class Theta 3

1,000,000

 

Class Theta 4

1,000,000

 

 

for a total of 83,323,000,000 shares classified into separate classes of Common Stock.

 

FIFTH:  The undersigned President of the Corporation acknowledges these Articles Supplementary to be the corporate act of the Corporation and, as to all matters or facts required to be verified under oath, the undersigned President acknowledges that, to the best of his knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties for perjury.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, The RBB Fund, Inc. has caused these presents to be signed in its name and on its behalf by its President and attested by its Secretary on the 11th day of March, 2016.

 

ATTEST:

 

THE RBB FUND, INC.

 

 

 

 

 

 

/s/ Christina Morse

 

By:

/s/ Salvatore Faia

Christina Morse

 

 

Salvatore Faia

Secretary

 

 

President

 

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