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.