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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?


To: Mike Paulin who wrote (1878)5/13/1998 10:23:00 AM
From: joseph schevenels  Read Replies (2) | Respond to of 2635
 
Mike

Redemptions :when you sell your units in a mutual find,you sell
them to the mutual fund co.,they have to pay you cash for your
units,these are redemptions,to raise the cash the mutual fund co's
have to sell shares ,but it is hard to believe that with the RRSP(
IRA in the US )
season just ended there is not enough cash in the till to pay
for this without selling stock !

Joe