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Before proceeding, there are two important concepts to note: anniversary date and conversion date.
The anniversary date is the period of time after which a fund is subject to conversion. In contrast, the conversion date is the actual date that the physical conversion takes place. For example, firm's B shares might convert into A shares after 5 years, but the conversion may actually take place on the 1st business day of the month after the 5 year anniversary.
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