What happens if the number of shares an investor holds in a specific fund decreases below the level held at the close of business on September 19, 2008?
The program provides a guarantee based on the number of shares held in a specific fund at the close of business on September 19, 2008. If a Guarantee Event occurs and an investor holds less than the level of shares originally held in the specific fund on September 19, 2008, only the amount of shares held when the Guarantee Event occurs will be covered. Examples Include: 1) For example, if an investor owned 100 shares in a specific money market fund as of close of business September 19, 2008, but owns 50 shares in the same fund on the day a Guarantee Event occurs, then that investor will be guaranteed for 50 shares.
Related Questions
- How much of my money market fund is insured? What happens if the number of shares held in my account increases or decreases after the close of business on September 19, 2008?
- What happens if the number of shares an investor holds in a specific fund decreases below the level held at the close of business on September 19, 2008?
- What happens if the number of shares an investor holds in a specific fund increase above the level at the close of business on September 19, 2008?