Solidarity Fund QFL - REDEMPTION CONDITIONS

REDEMPTION CONDITIONS

Involuntary Reduction of 20% or More in Net Family Income
derived from self-employment or a business for a minimum consecutive period of six months

In order for the Fund to redeem your shares under the "Involuntary reduction of 20% or more in net family income derived from self-employment or a business for a minimum consecutive period of six months" criterion, you must submit a written request, fulfill the following requirements and provide the required proof.

Requirements

You must:

be a self-employed worker or owner of a business;

AND

show that the reduction in family income is involuntary and not cyclical;

AND

show that the net family income after the reduction in question has decreased by 20% or more for a minimum consecutive period of six months;

AND

have liquidated all your redeemable investments (including any other RRSP), share redemption being the last resort.

Proof required

The Fund’s "Redemption request Involuntary Reduction of 20% or more in Family Income" form duly completed and signed;

AND

the following proofs of income: income for the same period last year and for the last six months;

AND

proof that all your redeemable investments have been liquidated or that they are not redeemable;

AND for self-employed workers :

confirmation from clients of cancellation, termination or reduction in the number of contracts;

OR for business owners:

proof of ownership (declaration of registration or certificate of incorporation);

AND

the financial statements for the current and previous fiscal year.

Eligible shares

All the shares.

Payment terms and conditions

Payments of up to $10,000 net issued by cheque or by direct deposit. A minimum six-month interval is required between payments.

Shares purchased after the involuntary reduction of family income cannot be redeemed under this criterion.

If less than 20 shares remain in your account, they will be automatically redeemed.

Subsequent acquisition of shares

You may purchase additional Fund shares one year after the last payment is issued under this criterion.

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