What happens to the money that remains unclaimed by eligible accountholders?
When the IDC declares that the settlement period has ended, any distribution checks that remain uncashed shall be distributed to the PBHG Funds based on the proportion of aggregate excess profits by market timers accounted for by each fund. For example, the proportion of aggregate excess profits earned by market timers in the Growth Fund was 68.1% of the total excess profits. If $20 million remains uncashed at the end of the settlement period, then $13.62 million will be distributed to the PBHG Growth Fund ($20 million x 68.1%).
