Winnipeg-based Sarbit Asset Management Inc. has introduced a deferred sales charge purchase option for Sarbit U.S. Equity Trust. “We have created a DSC schedule option that has the best interests of the investor and the advisor client in mind,” Larry Sarbit, president and CEO, said in a news release. Commissions are 5%, with a 0.50% annual trailer paid monthly. Redemption fees begin at 6% in Year 1 and decline to zero after Year 6. Additionally, up to 10% of the units will be redeemable free of charge each calendar year. Management fees are 2.25%; minimum investment is $1,000.
DSC option for Sarbit U.S. Equity Trust
- By: Lara Hertel
- May 2, 2006 October 30, 2019
- 13:07