EX-99.28.A.108 2 fp0060219_ex9928a108.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 100,000,000 authorized but unclassified and unissued shares of common stock, par value $.001 per share (the “Common Stock”), of the Corporation as follows:

 

1.Class GGGGGGG. 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 GGGGGGG shares of Common Stock representing interests in the Stance Equity ESG 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 GGGGGGG (the “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 the 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 the 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;

 

(B) provide that all shares of the 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

 

(C) without limiting the foregoing, at its option, redeem shares of the 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.

 

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2. The shares of Class GGGGGGG 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 GGGGGGG 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
  Class X — 50,000,000
  Class Y — 50,000,000
  Class Z — 50,000,000
       
  Class AA — 50,000,000

 

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  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
  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

 

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  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
  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

 

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  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
  Class GGGGGGG — 100,000,000
       
  Class Select — 700,000,000
  Class Beta 2 — 1,000,000
  Class Beta 3 — 1,000,000

 

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  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
  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 87,923,000,000 shares classified into separate classes of Common Stock.

 

FIFTH: These Articles Supplementary shall become effective on December 16, 2020.

 

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 Secretary on the 16th day of December, 2020.

 

ATTEST:   THE RBB FUND, INC.  
         
/s/ James G. Shaw   By: /s/ Salvatore Faia  
James G. Shaw     Salvatore Faia  
Secretary     President  

 

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