Document:

Exhibit 4.15

 

CERTIFICATE OF TRUST

 

OF

 

AMG
CAPITAL TRUST III

 

THIS Certificate of Trust of AMG
Capital Trust III (the “Trust”) is being duly executed and filed by the
undersigned to form a statutory trust under the Delaware Statutory Trust Act
(12 Del. C. §3801 et  seq.) (the “Act”).

 

1.             Name.  The name of the statutory trust formed hereby
is AMG Capital Trust III.

 

2.             Delaware
Trustee.  The name and business
address of the trustee of the Trust having its principal place of business in
the State of Delaware are Christiana Bank & Trust Company, 1314 King
Street, Wilmington, Delaware, 19801.

 

3.             Effective
Date.  This Certificate of Trust
shall be effective upon filing.

 

IN WITNESS WHEREOF, the undersigned
has executed this Certificate of Trust in accordance with Section 3811(a) of
the Act.

 

	
   

  	
  Christiana Bank & Trust
  Company, not in its individual capacity but solely as Delaware Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ RAYE D. GOLDSBOROUGH

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Raye D. Goldsborough

  
	
   

  	
  Title:

  	
  Assistant Vice PresidentExhibit 4.16

 

DECLARATION
OF TRUST, effective as of August 2, 2010, between Affiliated Managers
Group, Inc., a Delaware corporation, as sponsor (the “Sponsor”), John
Kingston, III, an individual, as administrator (the “Initial Administrator”),
Christiana Bank & Trust Company, a Delaware banking corporation, as
trustee (the “Delaware Trustee” and, together with such other trustees of the
Trust as are appointed from time to time, the “Trustees”).  The Sponsor, the Initial Administrator and
the Trustees hereby agree as follows:

 

1.              The trust created hereby shall be known as “AMG
Capital Trust III” in which name the Trustees, the Initial
Administrator, or the Sponsor to the extent provided herein, may conduct the
business of the Trust, make and execute contracts, and sue and be sued.

 

2.              The Sponsor hereby
assigns, transfers, conveys and sets over to the Trust the sum of $1.  The Trustees hereby acknowledge receipt of
such amount in trust from the Sponsor, which amount shall constitute the
initial trust estate.  The Trustees
hereby declare that they will hold the trust estate in trust for the
Sponsor.  It is the intention of the
parties hereto that the Trust created hereby constitute a statutory trust under
Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et
seq. (the “Statutory Trust Act”), and that this document constitutes the
governing instrument of the Trust.  The
Delaware Trustee is hereby authorized and directed to execute and file a
certificate of trust in the office of the Secretary of State of the State of
Delaware in the form attached hereto as Exhibit A.  The Trust is hereby established by the
Sponsor and the Trustees for the purpose of (i) issuing trust convertible
preferred securities (“Convertible Preferred Securities”), representing undivided
beneficial interests in the assets of the Trust in exchange for cash and
investing the proceeds thereof in convertible debentures of the Sponsor, (ii) issuing
and selling common securities (“Common Securities” and, together with the
Convertible Preferred Securities, “Trust Securities”), representing undivided
beneficial interests in the assets of the Trust to the Sponsor in exchange for
cash and investing the proceeds thereof in additional convertible debentures of
the Sponsor and (iii) engaging in such other activities as are necessary,
convenient or incidental thereto.

 

3.              Concurrent with
the first issuance of any Trust Securities by the Trust, the Sponsor and the
Trustees intend to enter into an amended and restated Declaration of Trust,
satisfactory to each such party, to provide for the contemplated operation of
the Trust created hereby and the issuance of the Convertible Preferred
Securities and the Common Securities referred to therein. Prior to the
execution and delivery of such amended and restated Declaration of Trust, the
Trustees shall not have any duty or obligation hereunder or with respect to the
trust estate.

 

4.              Any Convertible
Preferred Securities issued by the Trust, including pursuant to such amended
and restated Declaration of Trust, shall be non-assessable and fully paid upon
issuance and payment therefore at the time of issuance. The Convertible
Preferred Securities certificates, upon issuance, will represent undivided
beneficial interests in the assets of the Trust.  The Holders of the Convertible Preferred
Securities, as beneficial owners of the Trust, shall be entitled to the same
limitation of personal liability extended to stockholders of private
corporations for profit organized under the General Corporation Law of the State
of Delaware.  Any amendment or
restatement of this Declaration of Trust shall include the foregoing terms.

 

 

5.              The Sponsor and
the Trustees hereby authorize and direct the Initial Administrator, as the
agent of the Trust, (i) to file with the Securities and Exchange Commission
(the “Commission”) and execute, in each case on behalf of the Trust, (a) the
Registration Statement on Form S-3 (the “1933 Act Registration Statement”)
(including any post-effective amendments to the 1933 Act Registration Statement)
relating to the registration under the Securities Act of 1933, as amended (the “1933
Act”), of the Convertible Preferred Securities of the Trust and certain other
securities of the Sponsor; (b) any preliminary prospectus or prospectus or
supplement thereto relating to the Convertible Preferred Securities required to
be filed pursuant to Rule 424 under the 1933 Act; and (c) to the extent
deemed advisable by the Sponsor, a Registration Statement on Form 8-A (the
“1934 Act Registration Statement”) (including all pre-effective and
post-effective amendments thereto) relating to the registration of the
Convertible Preferred Securities of the Trust under the Exchange Act of 1934,
as amended; (ii) to the extent deemed advisable by the Sponsor, to file
with one or more national securities exchanges (each, an “Exchange”) or the
Financial Industry Regulatory Authority (“FINRA”) and execute on behalf of the
Trust a listing application or applications and all other applications,
statements, certificates, agreements and other instruments as shall be
necessary or desirable to cause the Convertible Preferred Securities to be
listed on any such Exchange; (iii) to prepare, file and execute on behalf
of the Trust such applications, reports, surety bonds, irrevocable consents,
appointments of attorney for service of process and other papers and documents
as shall be necessary or desirable to register the Convertible Preferred
Securities under the securities or blue sky laws of such jurisdictions as the
Sponsor, on behalf of the Trust, may deem necessary or desirable; and (iv) to
execute on behalf of the Trust any agreements relating to the issuance of the
Convertible Preferred Securities.  In the
event that any filing referred to in clauses (i), (ii) and (iii) above
is required by the rules and regulations of the Commission, any Exchange,
FINRA or state securities or blue sky laws to be executed on behalf of the
Trust by one or more trustees, the Sponsor shall appoint an administrative
trustee (the “Administrative Trustee”), and in its or his capacity as a trustee
of the Trust, any such Administrative Trustee is hereby authorized and, to the
extent so required, directed to join in any such filing and to execute on
behalf of the Trust any and all of the foregoing, it being understood that the
Delaware Trustee, in its capacity as a trustee of the Trust, shall not be
required to join in any such filing or execute on behalf of the Trust any such
document.  In connection with the filings
referred to above, the Sponsor and the Trust hereby constitute and appoint any
such Administrative Trustee as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Sponsor
or Trust or in the Sponsor’s or the Trust’s name, place and stead, in any and
all capacities, to sign any and all amendments (including post-effective
amendments) to the 1933 Act Registration Statement and the 1934 Act
Registration Statement and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Commission, any Exchange,
FINRA and administrators of the State securities or blue sky laws, granting
unto said attorneys-in-fact and agents full power and authority to do and
perform each and every act and thing requisite and necessary to be done in
connection therewith, as fully to all intents and purposes as the Sponsor or
the Trust might or could do in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents or any of them, or their respective
substitute or substitutes, shall do or cause to be done by virtue hereof.

 

6.              This Declaration
of Trust may be executed in one or more counterparts.

 

 

7.              The number of
Trustees initially shall be one (1) and thereafter the number of Trustees
shall be such number as shall be fixed from time to time by a written
instrument signed by the Sponsor which may increase or decrease the number of
Trustees; provided, however, that to the extent required by the
Statutory Trust Act, one Trustee shall either be a natural person who is a
resident of the State of Delaware or, if not a natural person, an entity which
has its principal place of business in the State of Delaware and meets any
other requirements imposed by applicable law. 
Subject to the foregoing, the Sponsor is entitled to appoint or remove
without cause any Trustee at any time. 
Any Trustee may resign upon 30 days prior notice to the Sponsor; provided,
however, that such notice shall not be required if it is waived by
Sponsor.

 

8.              The recitals
contained in this Declaration of Trust shall be taken as statements of the
Sponsor, and the Trustees do not assume any responsibility for their
correctness.  The Trustees make no
representations as to the value or condition of the property of the Trust or
any part thereof.  The Trustees make no
representations as to the validity or sufficiency of this Declaration of Trust.

 

9.              Christiana Bank &
Trust Company, in its capacity as Trustee, shall not have any of the powers or
duties of the Trustees set forth herein (except as may be required under the
Statutory Trust Act) and shall be a Trustee of the Trust for the sole purpose
of satisfying the requirements of Section 3807 of the Statutory Trust Act
and to accept the contribution referenced in Section 2.

 

10.            The Trust may
terminate without issuing any Trust Securities at the election of the
Sponsor.  Upon dissolution, the Delaware
Trustee shall file a certificate of cancellation in accordance with the
Statutory Trust Act and apply the funds deposited with it pursuant to Section 2
above to reimburse the Trustee for any filing fees or other expenses in
connection therewith.  Any remaining
funds shall, after payment of any other expenses of the Trust, be returned to
the Sponsor.

 

11.            The Sponsor agrees
to indemnify (i) the Delaware Trustee, (ii) the Initial
Administrator, (iii) any affiliate of the Delaware Trustee or the Initial
Administrator, (iv) any officers, directors, stockholders, members,
partners, employees, representatives, custodians, nominees or agents of the
Delaware Trustee or the Initial Administrator; and (v) any other agent
appointed from time to time by the Trust (each of the persons in (i) through
(v) in their respective individual capacities, being referred to as an “Indemnified
Person”) for, and to hold each Indemnified Person harmless against, any and all
loss, liability, damage, claim or expense including taxes (other than taxes
based on the income of such Indemnified Person) incurred without negligence or
bad faith on the part of such Indemnified Person, arising out of or in
connection with the acceptance or administration of the trust or trusts
hereunder, including the advancement of funds to cover the costs and expenses
(including reasonable legal fees and expenses) of defending against or
investigating any claim or liability in connection with the exercise or
performance of any of the powers or duties of such Indemnified Person
hereunder.  The obligation to indemnify
and advance as set forth in this Section 10 shall survive the resignation
or removal of the Delaware Trustee or the Initial Administrator and the
satisfaction and discharge of this Declaration of Trust.

 

 

12.            This Declaration of
Trust and the rights of the parties hereunder shall be governed by and
interpreted in accordance with the laws of the State of Delaware and all rights
and remedies shall be governed by such laws without regard to the principles of
conflict of laws.

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this Declaration of Trust to be
duly executed as of the day and year first above written.

 

	
   

  	
  AFFILIATED
  MANAGERS GROUP, INC.,

  
	
   

  	
  as
  Sponsor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  JOHN KINGSTON, III

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  John
  Kingston, III

  
	
   

  	
  Title:

  	
  Executive Vice President, General Counsel and Secretary

  

 

 

	
   

  	
  Christiana
  Bank & Trust Company, as Delaware Trustee

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  RAYE D. GOLDSBOROUGH

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Raye
  D. Goldsborough

  
	
   

  	
  Title:

  	
  Assistant
  Vice President

  

 

 

	
   

  	
  JOHN
  KINGSTON, III, as Initial Administrator

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  JOHN KINGSTON, III

  

 

 

EXHIBIT A

 

CERTIFICATE OF TRUST

 

OF

 

AMG CAPITAL TRUST III

 

THIS
Certificate of Trust of AMG Capital Trust III (the “Trust”) is being duly
executed and filed by the undersigned to form a statutory trust under the
Delaware Statutory Trust Act (12 Del. C. §3801 et  seq.) (the
“Act”).

 

1.             Name.  The name of the statutory trust formed hereby
is AMG Capital Trust III.

 

2.             Delaware Trustee.  The name and business address of the trustee
of the Trust having its principal place of business in the State of Delaware
are Christiana Bank & Trust Company, 1314 King Street, Wilmington,
Delaware, 19801.

 

3.             Effective Date.  This Certificate of Trust shall be effective
upon filing.

 

IN
WITNESS WHEREOF, the undersigned has executed this Certificate of Trust in
accordance with Section 3811(a) of the Act.

 

	
   

  	
  Christiana
  Bank & Trust Company, not in its individual capacity but solely as
  Delaware Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

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