Pre-Authorized Chequing Plan
Pre-Authorized Chequing Plan (PAC) is available to the SciVest investor who have already met the minimum investment requirement. The minimum of $2,500.00 may be regularly withdrawn from such investor's bank account on the 15th day of the month, at a frequency schedule chosen by the investor. Systematic Withdrawal Plan
Systematic Withdrawal Plan (SWP) is available to the SciVest investor who purchased at least the minimum investment amount. The proceeds of a redemption of $1,000 or more may be automatically sent on the 15th day of the month, at a frequency schedule chosen by the investor. Switching Between SciVest Funds
The SciVest investor may switch units of a Fund offered under the current SciVest Offering Memorandum into units of another Fund offered thereunder. A switch involves redemption of the units of one Fund and purchase of the units of another Fund. Accordingly, this can result in either a capital gain or a capital loss for the investor. In addition, the minimum investment amount in the Fund being switched to must be met. Reinvested Distributions
Distributions may consist of income, capital gains, and/or return of capital. They are made (if any) on a quarterly basis at the end of March, June and September. All remaining income and realized capital gains, if any, are distributed on or before December 31st. Distributions are automatically reinvested into additional units of a fund free of sales charges, although unitholders may opt to receive distributions in cash.
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