Yielders has what is known as a Secondary Market, which allows investors to relist their shares for other users to purchase. While there is no guarantee that the shares will be bought, there has been strong demand for relisted shares in the past.
The availability of secondary market shares depends on user activity. We are pleased to say that secondary market re-listings are rare, such is the satisfaction of our investor base with our product.
If you relist shares from multiple investments within the same asset within the same month, you will pay a one-off £50 flat-rate fee.
If you relist shares in e.g. February and later in the year in August, you will incur these fees in both months.
If you relist shares within the same month, but from multiple different assets, there will be a £50 fee for each asset.
*Please note that this fee covers the administration and legal work the investments team have to undertake in order to transfer shares and issue share certificates.
When to expect your funds
Any re-listed shares go through the same process as original shares. Investments whereby secondary market shares have been bought will require to be settled on the last day of the month. As they are part of an ongoing dividend cycle, the seller will receive their funds on the 1st of the following month, and the buyer becomes eligible for the following month's dividend.