If you apply to sell your fund shares at the published price and get back the cash, it is customarily called fund redemption. Redemption of the fund is selling. Listed closed-end funds are sold in the same way as ordinary stocks. Open-end fund is the price for applying to sell all or part of your fund to a fund company to redeem you. The redemption amount is the number of units selling the fund multiplied by the net value on the selling day. When the balance of fund shares held by fund share holders is less than 65,438+0,000 due to one redemption, all the remaining fund shares must be redeemed together. The fund manager may, according to the market situation, adjust the above restrictions on the subscription amount and the number of redemption shares under the circumstances permitted by laws and regulations. Before the adjustment takes effect, the fund manager must make an announcement and put on record in at least one designated media and fund manager's website in accordance with the relevant provisions of the Measures for Information Disclosure.
The fund manager will allocate the number of redemption applications of investors at a share ratio of not less than the total unit share 10%; If the investor fails to redeem this part, the investor shall clearly state the extension or cancellation of redemption when submitting the redemption application. The default way for the registration center is for investors to cancel the redemption. If you choose to postpone the redemption, it will be automatically transferred to the next open day to continue the redemption until it is fully redeemed; If you choose to cancel the redemption, some applications that have not been redeemed on that day will be revoked. The application for deferred redemption is handled together with the redemption application on the next open day, and there is no priority. The redemption amount is calculated according to the net value of fund shares on the open day. When there is a huge redemption and the payment is delayed, the fund manager will notify the investors through the methods specified in the prospectus (such as the company website, sales agency outlets, etc.) within the time specified in the prospectus. ), and explain the relevant treatment methods, and make an announcement in the media formulated by the relevant departments of securities supervision. In case of continuous huge redemption of the fund, the fund manager may suspend accepting redemption applications according to the fund contract and prospectus; The redemption application confirmed by the accepting unit may delay the payment of the redemption money, but it shall not exceed the normal payment time of 20 working days, and shall be announced in the media formulated by the relevant securities regulatory authorities.