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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Enigma who wrote (612)10/29/1998 7:38:00 AM
From: John Hunt  Read Replies (1) of 2794
 
Redemption in Kind

Hi enigma,

Mutual funds have another out (in their fine print)

Mutual funds may elect to be governed by Rule 18f-1, which permits a fund to redeem in cash up to the lesser of $250,000 or 1% of the net asset value of the fund during any 90-day period for any one shareholder with the balance redeemed in shares of securities selected by the fund.

ibchannel.com

You can be paid off in the shares that they can not sell!

< g >

John



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