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Business Development Bank of Canada Managed Futures Notes, Series N-6 Maturity
The Business Development Bank of Canada Managed Futures Notes, Series N-6 matures on February 26, 2010. All Series N-6 Notes will be redeemed and payment will be made to the holders in accordance with their standing instructions; no action is required by the holders for this to happen.
Starting on January 25, 2010, planners and brokers may place orders through FundServ to direct the proceeds to be reinvested in a mutual fund or other security supported by FundServ, but such switch orders must be posted by 4:00 PM Toronto time, February 26, 2010.
Where the Notes are held in a Tricycle-administered, tax-deferred account (RRSPs, RRIFs, etc.), the proceeds can be transferred to another RRSP on a tax-free basis by faxing instructions on a T2033 form. Such faxes may be sent to 1-877-384-4814 starting on January 25, 2010, and must be in by 4:00 PM Toronto time, February 26, 2010. If no such instructions are given, then the proceeds of maturity will be distributed from the RRSPs, RIFFs, etc. as a taxable item, and withholding tax will be deducted as the law requires.
Owners of the Series N-6 Managed Futures Notes should contact their planner or broker if they wish to review or make changes to their instructions for payment, or to set up a tax-free transfer.
Series N-7 Through N-12B Redemption
The next available redemption date for the all other Series of Managed Futures Notes is June 30, 2010. Redemption orders for series N-7 through N-12B may be placed starting on April 12, 2010, and any orders placed before then will be ignored. Redemption request must be received in good order by 4:00 PM Toronto time on June 9, 2010. T2033 transfers may be faxed to 1-877-384-4814. All other instructions should be made through Fundserv.
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