REDUCTION

How does the reduction work?

If the total number of shares requested for the 2024 PEG subscription process is greater than the number of available shares, requests will be reduced, and you may not be able to receive the amount that you had requested.

Reduction of requests for subscriptions to Fund shares will proceed as follows:

1) The total number of shares offered will be divided by the total number of Fund subscribers to determine the “non-reducible average subscription”.

2) The part of a request for subscription to Fund shares that is less than or equal to the “non-reducible average subscription” will be honoured in full.

3) The part of a request for subscription to Fund shares that is greater than the “non-reducible average subscription” will be reduced by a single coefficient in such a manner that the total of all requests for subscriptions to Fund shares does not exceed the total number of shares offered.

What happens if my subscription request is reduced and I have chosen to pay by lump sum?

Only the reduced amount of the payment will need to be paid by you.

What happens if my subscription request is reduced and I have chosen to pay by payroll deductions?

Only the reduced amount of the payment will be deducted from your payroll.

In case of reduction, how do I know the final amount of my subscription?

The reduced amount after calculation is available on the subscription website and the subscription summary will be downloadable.