|
 |
 | 
| | REDEMPTION CONDITIONS Decrease in net income
of shareholder or his or her spouse by 20%
for a minimum consecutive period of two months
In order for the Fund to redeem your shares under the "Decrease in net family income for a minimum consecutive period of two months" criterion, you must fulfill the following requirements and provide the required proof.
 |
| Requirements |
|
| You must: |
| show the reason for the decrease of income (loss of employment or the end of solo contract, temporary disability, involuntary reduction in regular work hours or the end of a union1 or a decrease in benefits; |
| AND |
| show that your net income, has decreased by 20% or more for a minimum consecutive period of two months; |
| AND |
| have liquidated or used all your redeemable investments (including RRSPs), share redemption being the last resort. |
|
| Proof required |
|
The Fund’s « Redemption request- Reduction in net income form »
AND
Proof of shareholder’s net income for the period of two consecutive months and proof of net income for the month preceding the decrease
AND
If the decrease in net income invoices the shareholder’s spouse, proof of the net family income for the period of two consecutive months and proof of net family income for the month preceding the decrease
AND
Proof that all other redeemable investments have been liquidated or cannot be redeemed
AND
For loss of employment or end of the sole contract:
Proof of loss of employment or end of sole contract at which the shareholder or his or her spouse worked for a minimum of 28 hours per week.
For temporary disability:
A medical certificate attesting to the disability for the minimum of two consecutive months.
For involuntary reduction in regular work hours:
Confirmation from the employer of the involuntary reduction in regular hours for a minimum of two consecutive months.
For the dissolution of a union:
Proof of the dissolution of a union which has occurred within a minimum of two months.
For a reduction or cessation of benefits:
Proof of the reduction or cessation of benefits for a minimum of two consecutive months |
|
| Eligible shares |
|
| All the shares. |
|
| Modalités du déboursement |
|
Payments not exceeding $5,000 net will be issued by cheque or by direct deposit. A minimum two-month interval is required between payments.
Shares purchased after the involuntary reduction in net income cannot be redeemed under this criterion.
If less than 20 shares remain in your account, they will be automatically redeemed. elles vous seront remboursées automatiquement. |
|
| Subsequent acquisition of shares |
|
| You may purchase additional Fund shares one year after the last payment is issued under this criterion. |
1 End of a union means, depending on the type of union, legal separation, divorce, annulment, dissolution or a death.
| |
SEARCH
 Home
Site map
Contact us
Français
| |
 |