EX-99.(I)(12) 4 d125915dex99i12.htm OPINION OF COUNSEL AS TO LEGALITY OF SECURITIES BEING REGISTERED Opinion of Counsel as to Legality of Securities Being Registered

Exhibit (i)(12)

 

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Law Offices  

 

One Logan Square, Ste. 2000  

 

Philadelphia, PA  

 

19103-6996  

 

(215) 988-2700 phone  

 

(215) 988-2757 fax  

 

www.drinkerbiddle.com  

 

CALIFORNIA  

 

DELAWARE  

 

ILLINOIS  

 

NEW JERSEY  

 

NEW YORK  

 

PENNSYLVANIA  

 

WASHINGTON D.C.  

 

WISCONSIN  

 

 

 

 

 

    
    

July 14, 2016

 

    

The Glenmede Fund, Inc.

One South Street

Baltimore, Maryland 21202

 

    

Re:  Shares Registered by Post-Effective Amendment No. 86 to

    

Registration Statement on Form N-1A (File No. 33 - 22884)

    

 

Ladies and Gentlemen:

 

    

We have acted as counsel to The Glenmede Fund, Inc. (the “Company”) in connection with the preparation and filing with the Securities and Exchange Commission on July 14, 2016 of Post-Effective Amendment No. 86 (the “Amendment”) to the Company’s Registration Statement on Form N-1A under the Securities Act of 1933, as amended (the “1933 Act”). The Board of Directors of the Company has authorized the issuance and sale by the Company of the following class and number of shares of common stock, $0.001 par value representing interests in the following series (the “Shares”):

 

    

Portfolio

   Class   

Authorized Shares

     Secured Options Portfolio    Institutional Shares    160,000,000
    

 

The Amendment registers an indefinite number of the Shares.

 

    

We have reviewed the Company’s Certificate of Incorporation, By-Laws, resolutions of its Board of Directors, and such other legal and factual matters as we have deemed appropriate. This opinion is based exclusively on the Maryland General Corporation Law and the federal law of the United States of America.

 

    

Based upon and subject to the foregoing, it is our opinion that the Shares, when issued for payment as described in the Company’s Prospectus offering the Shares and in accordance with the Company’s Articles of Incorporation (including Articles Supplementary thereto filed with the Maryland Department of Assessments and Taxation to authorize, classify and establish the Shares) for not less than $.001 per share, will be legally issued, fully paid and non-assessable by the Company.

 

 

Established 1849  

          


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The Glenmede Fund, Inc.

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We hereby consent to the filing of this opinion as an exhibit to Post-Effective Amendment No. 86 to the Company’s Registration Statement.

 

Very truly yours,

/s/ DRINKER BIDDLE & REATH LLP

DRINKER BIDDLE & REATH LLP