Allianz Global Investors Premier Funds - Fundsupermart.com

Dealing Day. A cancellation request received by the Managers or their approved
distributors after 3.00 p.m. on a Dealing Day, or on a day which is not a Dealing Day,
will be deemed to have been received on the next Dealing Day.
(f)
(g)
The Managers or their approved distributors will pay the proceeds arising from the
cancellation of a subscription of Units under this Paragraph 8.9 (the “cancellation
proceeds”) within 6 Business Days (or such other period as the relevant authorities
may require from time to time) after the Dealing Day on which the cancellation
request is received by the Managers, unless the determination of the amount of
cancellation proceeds has been suspended pursuant to the provisions of the Deed.
In such event, the payment of the cancellation proceeds will be deferred until after
the end of the suspension.
The cancellation proceeds payable in relation to the cancellation of a subscription of
Units under this Paragraph 8.9 will be determined as the lower of:
(i)
(ii)
the Market Value (as defined below); or
the Original Subscription Amount (as defined below),
and any excess in the Market Value over the Original Subscription Amount, or in the
Original Subscription Amount over the Market Value (as the case may be), will be
retained by the Sub-Fund.
“Market Value” in relation to Units, the subscription of which is being cancelled by a
new subscriber, means the value of such Units on the relevant Dealing Day
calculated as the aggregate of (a) the total value of such Units based on the
Realisation Price on such Dealing Day (but without deducting the Realisation
Charge (if any)), and (b) the total Initial Sales Charge paid for such Units.
“Original Subscription Amount” in relation to Units, the subscription of which is being
cancelled by a new subscriber, means the total amount (including the Initial Sales
Charge) paid by the new subscriber for the subscription of those Units.
Investors should note that the published Realisation Price is indicative in nature
and can change during the period between the submission and processing of the
cancellation request.
(h)
(i)
(j)
(k)
The Realisation Charge, if any, will not be imposed on a new subscriber who
exercises his right to cancel his subscription of Units.
In the case where a new subscriber has more than one subscription and chooses to
cancel one or more (but not all) of his subscriptions to which he has a right to
cancel, the cancellation of the new subscriber’s subscription or subscriptions must
not result in the new subscriber holding fewer Units than the Minimum Holding for
the Sub-Fund.
Any distributions to a new subscriber who has cancelled his subscription of Units
which have been declared but not paid will be due to the new subscriber in
accordance with the provisions of the Deed (whether or not an election for such
distributions to be reinvested has been made by the new subscriber).
A new subscriber may choose to realise his Units under Paragraph 10 of this
Prospectus instead of cancelling his subscription of Units but should note that he
will not be able to enjoy the benefits of a cancellation under this Paragraph 8.9 (i.e.
there will be no refund of the Initial Sales Charge and the Realisation Charge (if
applicable) may be imposed) and the realisation proceeds may be lower than the
10