Redemption Process
To redeem your investment, you will be required to:
-
write a letter and sign at the back
of your certificate indicating how many units you want
to sell.
-
Send the letter with the certificate
to the Discovery Fund Office. The certificate is necessary
for the liquidation because the number of units you
want to sell must be indicated at the back of the certificate.
If the certificate has not been delivered, then clients
can still redeem without their certificate.
-
Also the Registrar would need to compare
your signature on the back of the certificate with the
one on your subscription form.
This redemption process should not exceed
10 working days from the time the Fund Manager receives
your letter and certificate.
Note:
For part redemption, you will be required to leave a minimum
balance of N10,000 to keep your investment active in the
Fund.
The bid price used for your redemption is the price on
the day the Registrars respond to your request.
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