Shareholders may give management ot otherstheir proxy, representing the right and responsibility to vote their shares as specified in the proxy statement. An option contract that gives the holder the right to sell, and places upon the writer the obligation to purchase, a specified number of shares of the underlyingstock at the given strike price on or before the expiration date of the contract. Quant Fund a mutual fund which has a stock portfolio managed according to decisions made by a computer model. The difference between the high and low price during a given period. Return The percentage gain or loss on a securities investment.
Total return includes appreciation and dividends or interest.
The date by which a shareholder must own shares in order to be entitled to a dividend. Redemption Charge A commission charged by some mutual funds when redeeming shares. The chargemay decrease or be eliminated as shares are held for longer time periods. Equity An indication of profitability, determined by dividing annualized net income bycommon stockholders' equity. Reverse Stock Split A proportionate decrease in the number of shares, but not the aggregate value of shares of stockheld by shareholders.