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Frequently Asked Questions

What is the term of the Bonds? One, two or three years. 

How can I buy Yesterpay bonds? Bonds are sold exclusively through Yesterpay Holdings Inc ("Yesterpay"). Please contact your Financial Advisor or Exempt Market Dealer for more information. 

Who can buy Yesterpay bonds? In order to buy Yesterpay bonds, you must be eligible to purchase exempt market products in your province or territory and Yesterpay bonds must be suitable for your investment objectives. For more information on investor eligibility, consult your Financial Advisor.

After I buy a Yesterpay bond, how do I get my money back? The bonds are paid on maturity, one, two or three years after your bond  certifitcates are issued. All bond payments, principal, and interest are paid to bondholders directly to their bank accounts (see next FAQ). Please see the Offering Summary or review the Offering Memorandum (section 5.1) to learn more about an early redemption option.

When do I receive interest payments? Please see Bonds page.

Can I redeem my Yesterpay bonds before their maturity date? Yes. A bondholder is entitled twice a year on March 31 and September 30 redeem up to 10 percent of the bondholder's outstanding bonds. The one year Series C Bonds cannot be redeemed. 

Do my Yesterpay bonds ever lose some of their value? No. Yesterpay bonds are an exempt market investment and do not trade on the public market. For example, if you purchase $10,000 worth of bonds, at the end of the term, you will receive your principal in full ($10,000).

How is my Yesterpay bond interest income taxed? The interest paid on Yesterpay's bonds is considered income and is generally taxed at the investor's marginal rate, unless held in a deferred plan (i.e. RRSP, TFSA, RRIF). Investors should consult their own tax experts regarding the tax implications of bond interest income.

Can I sell my Yesterpay bonds? No. These securities cannot be sold, except in very limited circumstances. You should consult your investment advisor or lawyer. The bonds can be redeemed for face value as described above

When would the distributions begin to accrue? The distribution date starts 5 business days after the money has been deposited and cleared our account. For example: if the deal closed on March 14th, 2018, distributions begin March 21st, 2018.  It depends on when the money gets into Yesterpay’s Bank account.

When would the first distribution being paid to investors? The first distribution will be paid to the investor on the last business day of the first month.  The investor will be notified via their statement on the first business day of each month. For example: if the deal closed on March 14th, 2018. The interest is paid into the investors account on March 31st, 2018 and the statement issued April 3rd, 2018.

Do you have a question that is not listed above? Please use the the form found on the Contact Us page.