Preferred Return

Example Definitions of "Preferred Return"
Preferred Return. A Cumulative Return of six percent computed from the Initial Closing Date through the date as of which such amount is being calculated.
Preferred Return. At any time, with respect to the Class C Shares or the Class S Shares, as applicable, a 6.5.% cumulative, non-compounded return on Highest Prior NAV per share for such Applicable Class.
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