Terra Mutual Funds are valued monthly. The price of a mutual fund share is calculated in Canadian dollars at 4:00pm on each Valuation Date. The "Valuation Date" means the last business day of any month on which the TSX is open for business. Redemptions are processed through your Dealer or directly through Terra, depending on where the LP units were held. A 30-day notice period prior to the next Valuation Date will apply to redemption requests.
FTLP Rollovers
The 2012 Flow-Through LP assets are anticipated to rollover into a Terra Corporate Class Mutual Fund prior to September 2013. Upon completion of the rollover, investors will receive redeemable mutual fund shares, which they can choose to retain, donate, redeem or re-invest beginning September 30, 2013.
The 2012 Foundation Flow-Through LP assets are anticipated to rollover to a Terra Corporate Class Mutual Fund prior to January 1, 2013.
The 2011 Flow-Through LP assets will roll into Terra's Small Cap Mutual Fund and investors will receive redeemable mutual fund shares, which they can choose to retain, exchange for other Terra mutual funds tax-free, donate, redeem or re-invest beginning September 30, 2012.
The assets of the 2005, 2006, 2007 and 2008 Flow-Through LPs have rolled into Terra's Small Cap Resource Mutual Fund. The assets of the 2009 and 2010 Flow-Through LP have rolled into Terra's Resource ETF Mutual Fund. Investors received redeemable mutual fund shares, which they can choose to retain, donate, redeem or re-invest. Redemptions are processed through your Dealer or directly through Terra, depending on where the LP units were held. Shares may be redeemed provided that a redemption request is submitted at least 30 days prior to the next month-end Valuation Date.
MF Redemptions
Terra Redemptions are executed monthly, based on the net asset value (NAV) on the last business day of the month. Electronic redemptions are fulfilled on the 5th business day after month end. Direct redemptions are fulfilled by the 15th day after month end. Terra does not charge redemption fees on most mutual funds. Please contact Terra for more information.
If your Terra Flow-Through LPs were purchased through a Registered Dealer and are held "on-book", please contact your Investment Advisor and request that they submit an electronic redemption order.
If your Terra Flow-Through LPs were purchased directly and are still held "off-book", please complete and either fax the Redemption Form to Terra at 416-203-1544 or email a scanned copy of the completed form to info@terrafunds.ca. To obtain a Redemption Form, please contact Terra at info@terrafunds.ca or 1-888-449-4645.
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