| Just as a mutual fund, we update your club's valuation on a daily
basis. This valuation occurs around 8 pm MST, when we receive the
final, corrected closing prices from our data supplier.
Most clubs choose a regular, official Valuation Date. Usually, this
is once a month, e.g. the first business day of the month. The
Unit Value
fluctuates with the value of your club's holdings. Clubs value
their Units monthly to reduce bookkeeping headaches and to avoid
the issue when to "buy in".
You must specify this Valuation Date when you enter Member Payments.
This is not the same as the Transaction Date, which is the date member's
checks are deposited in the account.
The Valuation Date for a report is the closing price on the date shown
on the report. If the closing price is not yet available or the
date is not a trading day, the prior closing price is used and the
report contains a special remark, e.g.
*(using prices from market close for 03/02/2000)
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