Effective August 14, 2006, transactions for shareholders who hold accounts with a foreign address or an invalid U.S. taxpayer identification number are limited to redemptions only. This means that these shareholders will not be permitted to:
- Purchase additional shares either directly, through a broker/dealer, or via an automatic investment plan.
- Exchange shares to either new or existing accounts.
- Transfer shares to either new or existing accounts unless the address of the receiving account is within the United States.
The review was prompted by SEC regulations regarding anti-money laundering that require we certify the identity of every registered shareholder and entity account. Based on the difficulty of certifying accounts and individuals registered outside the United States, our policy was revised on April 3, 2006. We no longer accept any new account application that does not have an address within the United States or its territories and a valid U.S. taxpayer identification number.
Please note, the restrictions will be removed for shareholders with a valid U.S. taxpayer identification number, who maintain an address outside the United States or its territories that later change their address to one within the United States or its territories. If you have any questions regarding this policy, please contact Shareholder Services.