Sarbit Asset Management Inc. announced today, that effective immediately, a Deferred Sales Charge (DSC) purchase option is available for its flagship fund, Sarbit US Equity Trust.

Sarbit’s DSC purchase option provides investors with the opportunity to purchase units of the fund without paying a front end sales charge.

Some of the features the Sarbit DSC will include are:

  • a six year redemption schedule (vs. the more commonly used seven year schedule;
  • a faster than normal declining redemption fee schedule; and
  • a redemption fee waiver provision upon death.

“We have created a DSC option that has the best interests of the investor and advisor client in mind” says Larry Sarbit, CEO and president.

Benefits of the DSC purchase option are:

  • Up front commission: 5% (paid to the dealer);
  • Trailer remuneration of 0.50% per year (paid to dealer, monthly);
  • Declining redemption fee schedule of 6%, 5%, 4%, 3%, 2%, 1% over 6 years:
  • Sarbit will waive redemption fees from death after the first two years in the redemption schedule; and
  • Up to 10% of the units will be able to be redeemed free of charge each calendar year.