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Queen's University
 

Recapitalization

The 2012-13 dividend has been set at 9.99 cents per unit.  Income will be credited to endowment funds in early May.  Holders of endowment funds are responsible for monitoring the expendable balance in their funds. 

If you wish to transfer unspent endowment income into an endowment capital account (recapitalize), please submit your request to financial.reporting@queensu.ca.   For these types of recapitalizations the person with signing authority over the endowment fund should have approved the recapitalization request and be copied on the email.  The opportunity to recapitalize endowment fund income will occur only once a year in April.

For more detailed information on the recapitalization process please visit the following link at the financial services webpage:

http://www.queensu.ca/financialservices/trustsandendowments/recaps.html

The deadline for submitting recapitalization requests to Financial Services is April 10th, 2012.  This will allow Financial Services time to process the recapitalization requests and transfer the funds to the Pooled Endowment Fund before the fiscal year ends.

Kind Regards,

Queen's Financial Services

Kingston, Ontario, Canada. K7L 3N6. 613.533.2000