Monthly Redemption (Retraction) Feature for Securities of Split Share Corporations

Monthly Redemption (Retraction) Feature for Securities of Split Share Corporations:  The ability to sell capital shares or preferred shares of a split share corporation back to the company on a monthly basis.  The calculation of the proceeds to be paid to the capital holder or the preferred share holder is defined in the corporation’s initial public offering prospectus.  Monthly redemptions usually require a pre-determined notification period.  Typically, there are costs to the holder to utilize a monthly redemption feature.

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