What is the trade date?
The trade date is the date when you officially become a member of the Fund from an accounting standpoint. This is the date you will begin to pay fees, accrue a preferred return and dividend, and is the first day of the month. For example, if you fund your investment on July 15th, you will be assigned a trade date of August 1st. Between the time of the investment date and the trade date, you will not pay any fees and won’t accrue a dividend. The IncomePlus Fund offers twelve trade dates throughout the year and each one corresponds to the first day of each month.