Redemption Procedure

Redemption Procedure

 A shareholder may redeem his shares any banking day, by contacting FAMI by phone and filling up a redemption request form (indicating the number of shares he wants to redeem). The redemption request form should be faxed or forwarded to FAMI. Additional items have to be submitted by the shareholder to FAMI before the proceeds can be released, as follows:

 1. The original copy of the redemption request form, signed by any one of the designated signatories of the account;
2. The properly endorsed stock certificate(s), if issued; and
3. The original Confirmation Receipt.

Click here to download the Redemption Request Form: REDEMPTION FORM

Payments for redeemed shares shall be ready within seven (7) banking days from receipt of request for redemption.

A shareholder must bring a valid ID when claiming the redemption proceeds. In case of a representative, an authorization letter should accompany the shareholder’s ID and the ID of the duly authorized representative.

Computing the NAVPS upon redemption

 For determining the value of a redemption, the effective NAV per share shall be the NAVPS for the same banking day when the request is made, provided the request is submitted before the daily cut-off time of 12 o’clock noon. Redemptions made after the cut-off time shall be valued at the NAVPS on the following banking day.