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In an effort to educate our existing and prospective investor base, the Standard Resources Fund has included a list of the most
frequently asked questions pertaining to all aspects of the investment. If you require an answer to a question that is not listed,
please do not hesitate in contacting us directly at 403-984-2470.
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| 1. How is Net Asset Value calculated? |
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Net Asset Value (NAV) is calculated based upon the Fund’s reserve value as computed by GLJ Petroleum Consultants Ltd. The reserve value is the value of the proven oil and gas reserves at the time the report is completed. The Fund gets a report prepared on an annual basis. |
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| 2. What if I want to get out of the investment? |
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Our Fund allows for quarterly redemption. Redemption is a provision whereby your investment capital is provided back to you at the current Net Asset Value per unit. A unit holder can redeem on January 1, April 1, July 1, and October 1. |
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| 3. If I redeem on January 1, is my price per unit based on December 31 or January 1? |
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Your redemption is based on the previous day’s NAV per unit as outlined in both the offering documents and the trust indenture. If the NAV per unit increases on January 1, your units not apply as your redemption is based on the closing day of December 31. |
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| 4. Is there a minimum or maximum investment? |
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The minimum investment is $5,000 CDN and at this time there is no maximum investment level. |
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| 5. Is it RRSP eligible? |
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Yes, you can invest through your existing RRSP’s or you can make a new RRSP contribution. |
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| 6. Is it TFSA eligible? |
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Yes, you can invest your existing TFSA balance or you can make a new TFSA contribution. |
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| 7. Are you publicly traded on the stock exchange? |
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No, we are a private Mutual Fund Trust |
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| 8. How long is the hold period of my investment? |
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There is no hold period in our investment. You can redeem your units on a quarterly basis |
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