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Can I buy a Fidelity Income Replacement Fund without signing up for the Smart Payment Program?

April 26, 2017buy Fidelity fund income payment program replacement signing SMART

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Can I buy a Fidelity Income Replacement Fund without signing up for the Smart Payment Program?

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Yes. While the Funds are designed to work in conjunction with the Smart Payment Program, you can purchase the Funds without signing up for the Program. If the Smart Payment Program is not adopted, you will not receive monthly payments, but will still receive monthly dividend distributions which you can choose to reinvest or have paid out.