I recently received a letter from a bank asking me to vote for something. Stated from the letter for two things I need to vote on:
To approve amendments to the trust indenture that change the manner in which the ordinary fees and expenses of the trust are paid such that, in return for a payment to the sponsors of x% per year of the daily nav of the trust, the sponsor will be responsible for all other ordinary fees and expenses of the trust, as described in the consent solicitation statement.
to approve the amendment to section x of the trust indenture to permit the sponsor to compensate affilates for providing marketing and other services to the trust
I have no idea what to make of this jargon, any help?