EX-99.28 2 fp0081158-1_ex9928a115.htm

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 200,000,000 authorized but unclassified and unissued shares of common stock, par value $.001 per share (the “Common Stock”), of the Corporation as follows: 

 

1.Class CCCCCCCC. 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 CCCCCCCC shares of Common Stock representing interests in the SGI Dynamic Tactical ETF.

 

2.Class DDDDDDDD. 100,000,000 shares of Undesignated Common Stock are hereby classified and designated as Class DDDDDDDD shares of Common Stock representing interests in the SGI U.S. Large Cap Core ETF.

 

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 CCCCCCCC Common Stock and Class DDDDDDDD 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 each 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;

 

(B) provide that all shares of a Class now or hereafter authorized shall be subject to redemption and redeemable at the option of the holder thereof in accordance with and pursuant to procedures or methods prescribed or approved by the Board of Directors and, if so determined by the Board of Directors, shall be redeemable only in aggregations of such number of shares and on such days as may be determined by, or determined pursuant to procedures or methods prescribed by or approved by, the Board of Directors from time to time; and

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(C) without limiting the foregoing, at its option, redeem shares of a Class 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 CCCCCCCC and Class DDDDDDDD Common Stock will be issued without stock certificates.

 

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

 

FOURTH: Immediately after the classification of shares of Undesignated Common Stock as shares of Class CCCCCCCC and Class DDDDDDDD 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 - 700,000,000  
  Class CCCC - 700,000,000  
  Class DDDD - 700,000,000  
  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 - 300,000,000  
  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 - 300,000,000  
  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 DDDDDD - 100,000,000  
  Class EEEEEE - 100,000,000  
  Class FFFFFF - 100,000,000  
  Class GGGGGG - 100,000,000  
  Class HHHHHH - 100,000,000  
  Class IIIIII - 100,000,000  
  Class JJJJJJ - 100,000,000  
  Class KKKKKK - 100,000,000  
  Class LLLLLL - 100,000,000  
  Class MMMMMM - 100,000,000  
  Class NNNNNN - 100,000,000  
  Class OOOOOO - 100,000,000  
  Class PPPPPP - 100,000,000  
  Class QQQQQQ - 100,000,000  
  Class RRRRRR - 100,000,000  
  Class SSSSSS - 100,000,000  
  Class TTTTTT - 100,000,000  
  Class UUUUUU - 100,000,000  
  Class VVVVVV - 100,000,000  
  Class WWWWWW - 100,000,000  
  Class XXXXXX - 100,000,000  
  Class YYYYYY - 100,000,000  
  Class ZZZZZZ - 100,000,000  
         
  Class AAAAAAA - 100,000,000  
  Class BBBBBBB - 100,000,000  
  Class CCCCCCC - 100,000,000  
  Class DDDDDDD - 100,000,000  
  Class EEEEEEE - 100,000,000  
  Class FFFFFFF - 100,000,000  

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  Class GGGGGGG - 100,000,000  
  Class HHHHHHH - 100,000,000  
  Class IIIIIII - 100,000,000  
  Class JJJJJJJ - 100,000,000  
  Class KKKKKKK - 100,000,000  
  Class LLLLLLL - 100,000,000  
  Class MMMMMMM - 100,000,000  
  Class NNNNNNN - 100,000,000  
  Class OOOOOOO - 100,000,000  
  Class PPPPPPP - 100,000,000  
  Class QQQQQQQ - 100,000,000  
  Class RRRRRRR - 100,000,000  
  Class SSSSSSS - 100,000,000  
  Class TTTTTTT - 100,000,000  
  Class UUUUUUU - 100,000,000  
  Class VVVVVVV - 100,000,000  
  Class WWWWWWW - 100,000,000  
  Class XXXXXXX - 100,000,000  
  Class YYYYYYY - 100,000,000  
  Class ZZZZZZZ - 100,000,000  
         
  Class AAAAAAAA - 100,000,000  
  Class BBBBBBBB - 100,000,000  
  Class CCCCCCCC - 100,000,000  
  Class DDDDDDDD - 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  

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  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  
  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 90,223,000,000 shares classified into separate classes of Common Stock.

 

FIFTH: These Articles Supplementary shall become effective on December 21, 2022.

 

SIXTH: 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 Chief Financial Officer and Secretary on the 20th day of December 2022.

 

ATTEST:   THE RBB FUND, INC.  
         
/s/ James G. Shaw   By: /s/ Steven Plump  
James G. Shaw     Steven Plump  
Chief Financial Officer and Secretary     President  

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