Redemptions - Renaissance Investments | Renaissance Investments

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Investors can withdraw their money from a mutual fund by selling, or redeeming, all or part of their mutual fund units on any business day at the net asset value (less any applicable sales charges).

Investors may redeem their fund units by contacting their financial advisor. In most cases, mutual fund companies send investors the money from the sale of their fund units three days after they have received instructions.

Under the deferred sales charge option, investors can redeem a certain number of units annually without having to pay a charge ("free redemption entitlement"). Any withdrawals above that amount will be subject to a deferred sales charge.

To reduce the fees you pay when redeeming units of a fund, we will first redeem units for which a deferred sales charge either is not applicable or is no longer applicable.

Units of Renaissance Investments funds may be redeemed at any time (redemption charges and short-term trading charges may apply).

Complete details regarding redemptions, including the calculation of the free redemption entitlement, are outlined in the Simplified Prospectus.

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Renaissance Investments family of funds the Axiom Portfolios, the CIBC Private Pools, the CIBC Fixed Income Pools, the CIBC Fixed Income Funds, the CIBC Alternative Funds and the CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.

Please read the simplified prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. There can be no assurance that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Their values change frequently and past performance may not be repeated. ^®Renaissance Investments, ^®Axiom and ^®Axiom Portfolios are registered trademarks of CIBC Asset Management Inc. Renaissance Investments is offered by CIBC Asset Management Inc.