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Redemption Process

Learn how to redeem your PMF shares and convert them back to USDC.

Overview​

The redemption process allows you to exit your PMF investments by selling your shares back to the fund at the current Net Asset Value (NAV).

How Redemption Works​

  1. NAV Calculation: Your redemption value is based on the current NAV
  2. Processing Time: Redemptions typically process within 1-3 business days
  3. Settlement: USDC is deposited to your account after processing

Step-by-Step Process​

  1. Navigate to Portfolio: Go to Portfolio > PMF Holdings
  2. Select PMF: Choose the PMF shares you want to redeem
  3. Specify Amount: Enter shares or dollar amount to redeem
  4. Review Terms: Check current NAV and estimated proceeds
  5. Submit Request: Confirm your redemption order
  6. Wait for Processing: Monitor status in your order history

Important Considerations​

Timing​

  • Redemption requests have daily cut-off times
  • Orders after cut-off process at next business day's NAV
  • Consider market timing for optimal redemption value

Fees​

  • Some PMFs may charge redemption fees
  • Early redemption penalties may apply
  • Review fee structure before redeeming

Tax Implications​

  • Redemptions may trigger taxable events
  • Consult tax professionals for guidance
  • Keep records of all transactions

Best Practices​

  • Monitor PMF performance before redeeming
  • Consider partial redemptions to maintain some exposure
  • Time redemptions based on market conditions
  • Understand all fees and implications

Next Steps​