Q: Can you please explain this notice, the dates are confusing:
Annual Redemption Valuation Date: June 15, 2021
Annual Redemption Payment Date: On or before the 15th business day following the Annual Redemption Date.
BMO InvestorLine has been advised of an Annual Redemption Privilege for THE BITCOIN FUND CLASS A UNITS.
Terms:
Option 1: Cash - (USD) Annual Redemption Privilege
To receive a redemption price per Unit equal to 100% of the Net Asset Value per Unit determined on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions.
Important Notes:
As per the Prospectus dated March 31, 2020:
Units may be redeemed at the option of Unitholders on the first business day following the 15th day of June in each year commencing on June 16, 2021, subject to the Fund's right to suspend redemptions in certain circumstances. Units so redeemed will be redeemed at a redemption price equal to the Net Asset Value per Unit on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions. Units must be surrendered for redemption on or before the last business day of the month of May preceding the applicable Annual Redemption Date. Payment of the proceeds of redemption will be made in U.S. dollars on or before the 15th business day following the Annual Redemption Date
Annual Redemption Valuation Date: June 15, 2021
Annual Redemption Payment Date: On or before the 15th business day following the Annual Redemption Date.
BMO InvestorLine has been advised of an Annual Redemption Privilege for THE BITCOIN FUND CLASS A UNITS.
Terms:
Option 1: Cash - (USD) Annual Redemption Privilege
To receive a redemption price per Unit equal to 100% of the Net Asset Value per Unit determined on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions.
Important Notes:
As per the Prospectus dated March 31, 2020:
Units may be redeemed at the option of Unitholders on the first business day following the 15th day of June in each year commencing on June 16, 2021, subject to the Fund's right to suspend redemptions in certain circumstances. Units so redeemed will be redeemed at a redemption price equal to the Net Asset Value per Unit on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions. Units must be surrendered for redemption on or before the last business day of the month of May preceding the applicable Annual Redemption Date. Payment of the proceeds of redemption will be made in U.S. dollars on or before the 15th business day following the Annual Redemption Date