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Document Preview Code of Ethics |
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Title: |
Code of Ethics |
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Entities: |
AFL-CIO Housing Investment Trust; Freddie Mac; AFL-CIO; American Federation of Labor; Congress of Industrial Organizations Housing Investment Trust |
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Date: |
2001 |
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Size: |
Preview shows 3KB of 21KB total |
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Price: |
$38 |
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ID: |
#249548 |
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AFL-CIO HOUSING INVESTMENT TRUST
CODE OF ETHICS
This Code of Ethics ("Code") is adopted pursuant to Rule 17j-1 (the
"Rule") promulgated by the Securities and Exchange Commission (the "SEC")
under the Investment Company Act of 1940, as amended (the "Act"), by the Board
of Trustees (the "Board") of The American Federation of Labor and Congress of
Industrial Organizations Housing Investment Trust, a registered open-end
management investment company (the "Trust").
Responsibility for enforcement of this Code, monitoring the compliance of
Trust employees, officers and Trustees, and reviewing the Code and compliance
measures of the Trust's investment advisers will be vested in an officer of
the Trust appointed by or at the direction of the Board (the "Compliance
Officer"), and such additional persons appointed to assist the Compliance
Officer in fulfilling his or her responsibilities hereunder.
Statement of General Principles
This Code is adopted in recognition of the following principles that
govern the personal investment activities of all employees, officers and
Trustees of the Trust:
* It is their duty at all times to place the interests of the holders of
units of the Trust (the "Participants") ahead of their personal
interests and to act solely for the benefit of the Participants.
* All personal securities transactions must be conducted consistent with
this Code of Ethics and in such a manner as to avoid any actual or
potential conflict of interest or any abuse of an individual's position
of trust and responsibility.
* Individuals must not take advantage of their positions to benefit
themselves at the expense of the Trust or any Participants thereof.
1. General Prohibitions
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No employee, officer or Trustee of the Trust shall, in connection with
the purchase or sale, directly or indirectly, by such person of a security
held or to be acquired by the Trust:
* Employ any device, scheme or artifice to defraud the Trust;
* Make to the Trust any untrue statement of a material fact or omit to
state a material fact necessary in order to make the statements made, in
light of the circumstances under which they are made, not misleading;
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