Share Trade Process
Once a shareholder wishing to add to their current investment connects with a redeeming shareholder and an agreement on the number of shares to trade has been reached, either party can complete their respective section of the share trade documentation and deliver to the remaining party for their completion and execution.
Once the documentation is completed in its entirety the fully executed documentation is delivered to Sierra for approval by the Directors.
Upon the Directors approval, certified funds in the name of the redeeming shareholder are delivered to Sierra at which time the original share certificate is transferred to the purchasing shareholder and funds then delivered to the redeeming shareholder.
Trades transpiring within ten days before or ten days after the end of any quarter shall have an effective transfer date as of the last day of the quarter that falls within this twenty day period.
Important to note, though regular redemption rules apply to traded shares, there is a 4 month and 1-day restriction on reselling the purchased shares.