Important information on account transactions in volatile markets
Transcription
Important information on account transactions in volatile markets
Important information on account transactions in volatile markets In light of recent disruptions in the financial markets, you should be aware of several important points generally applicable to transactions processed by Fidelity in your workplace savings plan: • When you request a transaction in your account, the proceeds from any sale are credited to your account on the “settlement date.” Although investment funds held in workplace savings plans usually settle within one business day from the date the order is processed, most funds (including money market funds) have the right to delay settlement for up to seven days. • If you move money between investments through an exchange or rebalance transaction that results in a sale of a fund that exercises its right to delay settlement, Fidelity will process the purchase side of the transaction on the settlement date at the price on that date. • For details, please refer to the fund’s prospectus or other available investment information. Brokerage Products and Services and workplace savings plan products and services offered directly to investors and plan sponsors provided by Fidelity Brokerage Services Member NYSE, SIPC, 300 Puritan Way, Marlborough, MA 01752. Investment and workplace savings plan products and services distributed through investment professionals provided by Fidelity Investments Institutional Services Company, Inc., 82 Devonshire Street, Boston, MA 02109. 505874.4.0