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To: Monty Lenard who wrote (16675)10/4/1998 10:02:00 AM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
Glossary of Mutual Fund Terms

ibchannel.com

Redemption in Kind

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.

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John