What is an Automatic Withdrawal Account (AWD)?

If you hold at least $10,000 in investments in any of the Funds (US$10,000 in our US NAV Funds), you can arrange for a regular (bi-weekly, monthly, quarterly, semi-annual or annual) redemption of Units from your account. The minimum amount for each payment is $100 (US$100 for US NAV Funds) and you can receive the payments either by cheque or by direct deposit into your bank account at a Canadian financial institution. This service is not available to investors who hold their Units in a Registered Plan. It’s important to keep in mind that, if your redemptions are more than the distributions paid by a Fund and any changes in the value of your Units, you will begin to reduce, and possibly eliminate, your original investment.