What is a preliminary prospectus supplement?
Preliminary Prospectus Supplement means any preliminary prospectus supplement to the Base Prospectus which describes the Securities and the offering thereof and is used prior to filing of the Final Prospectus Supplement, together with the Base Prospectus.
What does prospectus supplement mean?
A prospectus supplement is a document that is delivered with a base prospectus to investors. The prospectus supplement typically contains the terms of an offering that are not provided in the base prospectus.
What does a preliminary prospectus contain?
The preliminary prospectus contains information on the company and the intended use of proceeds from the offering. The company provides details about the products and services that it offers, the market potential for those offerings, its financial statements, and details about company management and major shareholders.
Is Fdrxx a good investment?
Fidelity Cash Reserves (FDRXX) is a low-return, low-risk fund. As with all investments, there is potential risk associated with this fund. However, money market securities are considered a safe investment due to the unlikelihood of securities default.
When must a preliminary prospectus be delivered?
Paragraph (b) of Rule 15c2-8 generally requires that the preliminary prospectus be delivered to expected investors at least 48 hours prior to the sending of a confirmation of a final sale; except in the case of shelf-eligible ABS. Issuers bear liability with respect to the contents of a preliminary prospectus.
Why is a preliminary prospectus called a red herring?
A proposed prospectus that has been filed with the Securities and Exchange Commission (SEC) but not approved by it. Its purpose is to determine the extent of public interest in an issue while it is being reviewed by the SEC. Called a red herring because of the red ink around the border of the front page.
Who can issue a prospectus?
A public company can issue the prospectus to offer its shares and debentures, whereas a private company cannot issue prospectus.
What is the purpose of a prospectus?
A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. It is very useful to investors as it informs them of the risks involved with investing in the security or fund.
Is Fdrxx insured?
Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Which prospectus must be provided no later than confirmation of the sale?
Which of the following prospectus must be provided no later than confirmation of the sale? Statutory prospectus, They can be used to discuss key information, but the statutory prospectus is still required at or prior to confirmation.