VRTP

AcronymDefinition
VRTPVirtual Reality Transfer Protocol
VRTPVirginia Rider Training Program (Virginia Department of Motor Vehicles)
VRTPVines Routing Transport Protocol
VRTPVirus-Resistant Transgenic Plant
References in periodicals archive ?
Also, the Depository Trust Company will deliver a formal notice of the redemption at a later date, while JFR, JRO and NSL will redeem 310, 230 and 130 VRTP shares, respectively, on 29 March 2016.
The VRTP have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.
Sufficient asset coverage provided to the VRTP Shares as calculated per the fund's over-collateralization (OC) tests;
At the time of the issuance, the fund's asset coverage ratio for the newly issued VRTP Shares, as calculated in accordance with the Investment Company Act of 1940 (1940 Act), exceeded 225%, which is the minimum asset coverage required by transactional documents.
Should the asset coverage tests for the VRTP Shares decline below their minimum threshold amounts and are not cured in a pre-specified timeframe, the transactional documents require the fund to reposition portfolio assets or reduce leverage in a sufficient amount to restore compliance with the applicable test.
Fitch performed various stress tests on the fund to assess the strength of the structural protections of the VRTP shares.
As of the same date, the fund's total leverage, including the VRTP Shares, was approximately $345 million with a leverage ratio of 36.
Proceeds from the issuance of the VRTP Shares will be used by VVR to redeem all outstanding auction rate cumulative preferred shares (ARPS).
The 'AAA' long-term rating on the VRTP Shares primarily reflects:
At the time of the issuance, the fund's asset coverage ratio for the newly issued VRTP Shares, as calculated in accordance with the Investment Company Act of 1940, exceeded the minimum 225% asset coverage (Preferred Shares Asset Coverage Test) and the fund's effective leverage ratio was below the 45% maximum leverage ratio allowed by the VRTP Shares governing documents (Effective Leverage Test).
12, 2012, and pro forma $125 million of VRTP Shares.
The ratings assigned to the VRTP Shares may be sensitive to material changes in the leverage composition, portfolio credit quality, portfolio diversification or market risk of the fund, as described above.