Instructions

An investor should call his stock broker, financial adviser or the fund company where the mutual fund shares are being held. Next, the investor should explain the reason for the call, instruct the broker to sell a certain number or certain dollar amount of the mutual fund, and then advise how the proceeds should be handled (a check can be mailed, wired, picked-up or transferred).

Mutual funds settle differently than stocks and bonds. Sells of money market mutual funds settle the same day; however, checks and wires are not sent until the next day.

Tips & Warnings

References

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