Owners have three days to claim their pets but will first be asked to pay a redemption fee
of P500, a registration fee of P50, on top of an impounding fee of P200 for each day the animal is kept at the pound.
Investors with existing standard DSC purchase option holdings will remain invested based on the redemption fee
schedule applicable to those securities, and option to switch from existing securities acquired under the standard DSC purchase option will continue to be available.
PTE 77-3 applies so long as the plan satisfies four conditions: 1) it pays no fees to the investment adviser except via the investment company's payment of its standard advisory and other fees; 2) it pays no redemption fee
to any party other than the investment company itself; 3) it pays no sales commission; and 4) "all other dealings between the plan and the investment company, the investment adviser or principal underwriter are on a basis as favorable to the plan [as are those] with other shareholders of the investment company."
Stockholders of the fund will now become holders of Class O shares of CRO and will have the ability to redeem their shares at net asset value, subject to certain conditions including the imposition of a redemption fee
of 1% for one year after the merger.
Beneficiaries pay a small redemption fee
, equating to a subsidy of two-thirds or more.
* Redemption fee
. B shares usually have a contingent deferred sales charge (CDSC), which investors pay if they sell within a certain period of time.
The finance minister has suggested a cut in redemption fee
in case of MFs and ETFs from 0.25 per cent to 0.001 per cent.
Cummins-Allison suggests retailers consider selecting a self-service coin machine that allows them to control the coin redemption fee
for greater profitability.
C Shares--known as "level-load" shares, C shares have no front-end sales charge and no redemption fee
, but they carry a 12b-1 marketing fee that is paid each and every year.
This is done by connecting a level 12b-1 fee to a redemption fee
, i.e, the CDSC.
Its research has revealed that the average mortgage redemption fee
is now pounds 187, significantly higher than the pounds 35 "real" cost to lenders.