EX-99.A.3 3 ex99_a3.txt ARTICLES SUPPLEMENTARY Exhibit (a.3) ARTICLES SUPPLEMENTARY TO ARTICLES OF INCORPORATION OF ING PARTNERS, INC. ING Partners, Inc., a Maryland corporation having its principal office in Baltimore, Maryland (the "Corporation"), hereby certifies to the State Department of Assessments and Taxation of Maryland that: FIRST: The Corporation is registered as an open-end, management investment company under the Investment Company Act of 1940, as amended; SECOND: The total number of shares of Capital Stock that the Corporation currently has authority to issue is eight billion (8,000,000,000), with a par value of one-tenth of one cent ($.001) per share, and an aggregate par value of Eight Million Dollars ($8,000,000); THIRD: The Board of Directors of the Corporation adopted resolutions by unanimous consent classifying six hundred million (600,000,000) authorized and unissued shares of Capital Stock of the Corporation, thereby increasing the number of shares of Capital Stock that are classified (but not increasing the aggregate number of authorized shares), as follows: Name of Class Shares Allocated ------------- ---------------- ING Alger Capital Appreciation Portfolio - Initial Class 100,000,000 ING Alger Capital Appreciation Portfolio - Adviser Class 100,000,000 ING Alger Capital Appreciation Portfolio - Service Class 100,000,000 ING Goldman Sachs(R)Core Equity Portfolio - Initial Class 100,000,000 ING Goldman Sachs(R)Core Equity Portfolio - Adviser Class 100,000,000 ING Goldman Sachs(R)Core Equity Portfolio - Service Class 100,000,000 FOURTH: A description of the shares of Capital Stock of the Corporation classified in Article THIRD with the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption as set or changed by the Board of Directors of the Corporation is as follows: The shares of ING Alger Capital Appreciation Portfolio - Initial Class, shares of the ING Alger Capital Appreciation Portfolio - Adviser Class and shares of the ING Alger Capital Appreciation Portfolio - Service Class shall be invested in a common investment portfolio. The shares of ING Goldman Sachs(R) Core Equity Portfolio - Initial Class, shares of the ING Goldman Sachs(R) Core Equity Portfolio - Adviser Class and shares of the ING Goldman Sachs(R) Core Equity Portfolio - Service Class shall be invested in a common investment portfolio. A description of the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of redemption of each class of Capital Stock of the Corporation (each hereinafter referred to as a "Class") and each common investment portfolio of the Corporation (each hereinafter referred to as a "Portfolio") is set forth in the Corporation's Charter with respect to its shares generally and to the following: (i) Except for the differences set forth below or elsewhere in the Charter of the Corporation or required by law, each Class invested in a common Portfolio shall have the same preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption as each other Class invested in such Portfolio. (ii) The investment income and losses, capital gains and losses, and expenses and liabilities of each Portfolio shall be allocated among the Classes invested in such Portfolio in such manner as may be determined by the Board of Directors in accordance with law and the Corporation's multiple class plan (the "Plan"), adopted in accordance with Rule 18f-3 under the Investment Company Act of 1940, as amended, as such Plan may then be in effect. (iii) The liabilities and expenses attributable to the respective Classes invested in a common Portfolio shall be determined separately from those of each other and, accordingly, the net asset values, the dividends and distributions payable to holders, and the amounts distributable in the event of liquidation of the Corporation or of the Portfolio to holders of shares invested in the Portfolio may vary between the Classes. (iv) Except as may otherwise be provided in the Plan or by law, the holders of shares of each Class invested in a common Portfolio shall have, respectively, exclusive voting rights with respect to any matter submitted to a vote of stockholders that only affects the holders of the respective Class, and no voting rights with respect to any matter submitted to a vote of stockholders that does not affect holders of that Class. FIFTH: (a) Immediately before the classification of the additional Capital Stock as provided in Article THIRD, the number of shares of each authorized class of Capital Stock was as follows:
Name of Class Shares Allocated ------------- ---------------- ING Salomon Brothers Aggressive Growth Portfolio - Initial Class 100,000,000 ING Salomon Brothers Aggressive Growth Portfolio - Adviser Class 100,000,000 ING Salomon Brothers Aggressive Growth Portfolio - Service Class 100,000,000 ING MFS Research Portfolio - Initial Class 100,000,000 ING MFS Research Portfolio - Adviser Class 100,000,000 ING MFS Research Portfolio - Service Class 100,000,000 ING MFS Capital Opportunities Portfolio - Initial Class 100,000,000 ING MFS Capital Opportunities Portfolio - Adviser Class 100,000,000 ING MFS Capital Opportunities Portfolio - Service Class 100,000,000 ING JP Morgan Fleming International Portfolio - Initial Class 100,000,000 ING JP Morgan Fleming International Portfolio - Adviser Class 100,000,000 ING JP Morgan Fleming International Portfolio - Service Class 100,000,000 ING T. Rowe Price Growth Equity Portfolio - Initial Class 100,000,000 ING T. Rowe Price Growth Equity Portfolio - Adviser Class 100,000,000 ING T. Rowe Price Growth Equity Portfolio - Service Class 100,000,000 ING Alger Aggressive Growth Portfolio - Initial Class 100,000,000 ING Alger Aggressive Growth Portfolio - Adviser Class 100,000,000 ING Alger Aggressive Growth Portfolio - Service Class 100,000,000 ING Alger Growth Portfolio - Initial Class 100,000,000 ING Alger Growth Portfolio - Adviser Class 100,000,000 ING Alger Growth Portfolio - Service Class 100,000,000 ING OpCap Balanced Value Portfolio - Initial Class 100,000,000 ING OpCap Balanced Value Portfolio - Adviser Class 100,000,000 ING OpCap Balanced Value Portfolio - Service Class 100,000,000 ING UBS Tactical Asset Allocation Portfolio - Initial Class 100,000,000 ING UBS Tactical Asset Allocation Portfolio - Adviser Class 100,000,000 ING UBS Tactical Asset Allocation Portfolio - Service Class 100,000,000 ING DSI Enhanced Index Portfolio - Initial Class 100,000,000 ING DSI Enhanced Index Portfolio - Adviser Class 100,000,000 ING DSI Enhanced Index Portfolio - Service Class 100,000,000 ING Goldman Sachs(R)Capital Growth Portfolio - Initial Class 100,000,000 ING Goldman Sachs(R)Capital Growth Portfolio - Adviser Class 100,000,000 ING Goldman Sachs(R)Capital Growth Portfolio - Service Class 100,000,000 ING Salomon Brothers Capital Portfolio - Initial Class 100,000,000 ING Salomon Brothers Capital Portfolio - Adviser Class 100,000,000 ING Salomon Brothers Capital Portfolio - Service Class 100,000,000 ING Salomon Brothers Investors Value Portfolio - Initial Class 100,000,000 ING Salomon Brothers Investors Value Portfolio - Adviser Class 100,000,000 ING Salomon Brothers Investors Value Portfolio - Service Class 100,000,000 ING American Century Small Cap Value Portfolio - Initial Class 100,000,000 ING American Century Small Cap Value Portfolio - Adviser Class 100,000,000 ING American Century Small Cap Value Portfolio - Service Class 100,000,000 ING MFS Global Growth Portfolio- Initial Class 100,000,000 ING MFS Global Growth Portfolio- Adviser Class 100,000,000 ING MFS Global Growth Portfolio- Service Class 100,000,000 ING JP Morgan Mid Cap Value Portfolio - Initial Class 100,000,000 ING JP Morgan Mid Cap Value Portfolio - Adviser Class 100,000,000 ING JP Morgan Mid Cap Value Portfolio - Service Class 100,000,000 ING PIMCO Total Return Portfolio - Initial Class 100,000,000 ING PIMCO Total Return Portfolio - Adviser Class 100,000,000 ING PIMCO Total Return Portfolio - Service Class 100,000,000 ING Van Kampen Comstock Portfolio - Initial Class 100,000,000 ING Van Kampen Comstock Portfolio - Adviser Class 100,000,000 ING Van Kampen Comstock Portfolio - Service Class 100,000,000 ING Baron Small Cap Growth Portfolio - Initial Class 100,000,000 ING Baron Small Cap Growth Portfolio - Adviser Class 100,000,000 ING Baron Small Cap Growth Portfolio - Service Class 100,000,000
for a total of five billion seven hundred million (5,700,000,000) shares classified into separate classes of Capital Stock, with two billion three hundred million (2,300,000,000) being unclassified. (b) After the classification of the additional Capital Stock, as provided in Article THIRD, the number of shares of each authorized class of Capital Stock is as follows:
Name of Class Shares Allocated ------------- ---------------- ING Salomon Brothers Aggressive Growth Portfolio - Initial Class 100,000,000 ING Salomon Brothers Aggressive Growth Portfolio - Adviser Class 100,000,000 ING Salomon Brothers Aggressive Growth Portfolio - Service Class 100,000,000 ING MFS Research Portfolio - Initial Class 100,000,000 ING MFS Research Portfolio - Adviser Class 100,000,000 ING MFS Research Portfolio - Service Class 100,000,000 ING MFS Capital Opportunities Portfolio - Initial Class 100,000,000 ING MFS Capital Opportunities Portfolio - Adviser Class 100,000,000 ING MFS Capital Opportunities Portfolio - Service Class 100,000,000 ING JP Morgan Fleming International Portfolio - Initial Class 100,000,000 ING JP Morgan Fleming International Portfolio - Adviser Class 100,000,000 ING JP Morgan Fleming International Portfolio - Service Class 100,000,000 ING T. Rowe Price Growth Equity Portfolio - Initial Class 100,000,000 ING T. Rowe Price Growth Equity Portfolio - Adviser Class 100,000,000 ING T. Rowe Price Growth Equity Portfolio - Service Class 100,000,000 ING Alger Aggressive Growth Portfolio - Initial Class 100,000,000 ING Alger Aggressive Growth Portfolio - Adviser Class 100,000,000 ING Alger Aggressive Growth Portfolio - Service Class 100,000,000 ING Alger Growth Portfolio - Initial Class 100,000,000 ING Alger Growth Portfolio - Adviser Class 100,000,000 ING Alger Growth Portfolio - Service Class 100,000,000 ING OpCap Balanced Value Portfolio - Initial Class 100,000,000 ING OpCap Balanced Value Portfolio - Adviser Class 100,000,000 ING OpCap Balanced Value Portfolio - Service Class 100,000,000 ING UBS Tactical Asset Allocation Portfolio - Initial Class 100,000,000 ING UBS Tactical Asset Allocation Portfolio - Adviser Class 100,000,000 ING UBS Tactical Asset Allocation Portfolio - Service Class 100,000,000 ING DSI Enhanced Index Portfolio - Initial Class 100,000,000 ING DSI Enhanced Index Portfolio - Adviser Class 100,000,000 ING DSI Enhanced Index Portfolio - Service Class 100,000,000 ING Goldman Sachs(R)Capital Growth Portfolio - Initial Class 100,000,000 ING Goldman Sachs(R)Capital Growth Portfolio - Adviser Class 100,000,000 ING Goldman Sachs(R)Capital Growth Portfolio - Service Class 100,000,000 ING Salomon Brothers Capital Portfolio - Initial Class 100,000,000 ING Salomon Brothers Capital Portfolio - Adviser Class 100,000,000 ING Salomon Brothers Capital Portfolio - Service Class 100,000,000 ING Salomon Brothers Investors Value Portfolio - Initial Class 100,000,000 ING Salomon Brothers Investors Value Portfolio - Adviser Class 100,000,000 ING Salomon Brothers Investors Value Portfolio - Service Class 100,000,000 ING American Century Small Cap Value Portfolio - Initial Class 100,000,000 ING American Century Small Cap Value Portfolio - Adviser Class 100,000,000 ING American Century Small Cap Value Portfolio - Service Class 100,000,000 ING MFS Global Growth Portfolio- Initial Class 100,000,000 ING MFS Global Growth Portfolio- Adviser Class 100,000,000 ING MFS Global Growth Portfolio- Service Class 100,000,000 ING JP Morgan Mid Cap Value Portfolio - Initial Class 100,000,000 ING JP Morgan Mid Cap Value Portfolio - Adviser Class 100,000,000 ING JP Morgan Mid Cap Value Portfolio - Service Class 100,000,000 ING PIMCO Total Return Portfolio - Initial Class 100,000,000 ING PIMCO Total Return Portfolio - Adviser Class 100,000,000 ING PIMCO Total Return Portfolio - Service Class 100,000,000 ING Van Kampen Comstock Portfolio - Initial Class 100,000,000 ING Van Kampen Comstock Portfolio - Adviser Class 100,000,000 ING Van Kampen Comstock Portfolio - Service Class 100,000,000 ING Baron Small Cap Growth Portfolio - Initial Class 100,000,000 ING Baron Small Cap Growth Portfolio - Adviser Class 100,000,000 ING Baron Small Cap Growth Portfolio - Service Class 100,000,000 ING Alger Capital Appreciation Portfolio - Initial Class 100,000,000 ING Alger Capital Appreciation Portfolio - Adviser Class 100,000,000 ING Alger Capital Appreciation Portfolio - Service Class 100,000,000 ING Goldman Sachs(R)Core Equity Portfolio - Initial Class 100,000,000 ING Goldman Sachs(R)Core Equity Portfolio - Adviser Class 100,000,000 ING Goldman Sachs(R)Core Equity Portfolio - Service Class 100,000,000
for a total of six billion, three hundred million (6,300,000,000) shares classified into separate classes of Capital Stock, with one billion, seven hundred million (1,700,000,000) being unclassified. IN WITNESS WHEREOF, ING Partners, Inc. has caused these presents to be signed in its name and on its behalf by its President and witnessed by its Assistant Secretary as of the 17th day of January, 2003. WITNESS: ING PARTNERS, INC. /s/ Jacqueline A. Salamon /s/ Laurie M Tillinghast ------------------------- ------------------------ Name: Jacqueline A. Salamon Name: Laurie M. Tillinghast Title: Assistant Secretary Title: President CERTIFICATE THE UNDERSIGNED, President of ING Partners, Inc., who executed on behalf of said corporation the foregoing Articles Supplementary to the Charter, of which this certificate is made a part, hereby acknowledges that the foregoing Articles Supplementary are the act of the said Corporation and further certifies that, to the best of her knowledge, information and belief, the matters and facts set forth therein with respect to the approval thereof are true in all material respects, under the penalties of perjury. /s/ Laurie M. Tillinghast ------------------------ Name: Laurie M. Tillinghast Title: President