Process for liquidating a mutual fund
On or about the Distribution Date, the Funds will liquidate their assets and distribute cash pro rata to all remaining shareholders who have not previously redeemed their shares.If you still hold shares of the Trust on the Distribution Date, we will automatically redeem your shares and remit the cash proceeds to you (via check or wire) based on the instructions listed on your account.Mutual funds are the most popular investment types for the everyday investor. Because they are simple investments to understand and they are easy to use -- in many ways, it's "investing for dummies." In fact, if you're not already one of the millions of shareholders of mutual funds, you'll only need to take about two or three minutes out of your day to read this article and you'll be ready to get started investing.Furthermore the simplicity of investing in mutual funds is not just an attractive feature for beginning investors; the accessibility, versatility and easy-to-understand structure of mutual funds makes for powerful investing vehicles for all kinds of investors, including the pros, and can be appropriate for a variety of savings and investing objectives, including college and retirement.In United Kingdom and United States law and business, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed.Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation.
At any time prior to the Distribution Date, investors may redeem shares of the Fund.You must have sufficient settled funds in the account to meet both the applicable minimum and cover transaction fees and other fees prior to placing the trade.Scottrade's transaction fee is not currently deducted out of the purchase order amount; it is charged in addition to the dollar amount of the order.To print the details of an order from the Mutual Fund Order Confirmation page, click the Print button on the page. The Check Order Status link will take you to the Order Status page so that you can check on the status of the order.The Place Another Trade link will take you back to the Mutual Fund Order Entry page so you can place additional orders.