You may establish telephone redemption and exchange on your application or by completing
Longleaf's Change of Information Form.
Once you have established telephone redemption and exchange privileges,
you may redeem or make exchanges of up to $100,000 over the telephone.
Telephone redemptions may not be made from IRA accounts.
Accounts with address change requests within the last 30
days must submit written redemption instructions with a
Medallion Signature Guarantee.
Once you have established privileges, call (800) 445-9469 option 0 to request a redemption or exchange.
Exchanges into new accounts must meet the $10,000 minimum and closed Fund exceptions. .
Proceeds of redemptions will be sent only to the address of record or in accordance with previously established bank instructions.
Calls received before the close of the New York Stock Exchange receive that day's price.
Calls received after the close of the New York Stock Exchange receive the next day's price.
The Funds may not hold a redemption request to be processed at a later date.
Please retain the confirmation number assigned to your telephone
redemption or exchange as proof of your trade.
You cannot change or cancel a telephone redemption or exchange
request after the transaction has been placed.
The transfer agent
employs reasonable procedures to confirm that instructions received by telephone
are genuine. When these procedures are followed, the Funds
and the transfer agent are not
liable for losses caused by such instructions. The Fund reserves
the right to revise or terminate telephone redemption and
exchange privileges at any time.
