Check Writing Services
Check Writing Services
Check writing is available for any PLGIT-Class account and you may write an unlimited number of checks against your account.
There is no minimum check amount.
When a check is presented to PLGIT’s bank for payment, we will redeem the appropriate number of full or fractional shares from your account to cover the amount of the check. Shares will be redeemed at the NAV next determined after the check is processed by the Check Clearing Agent.
Your funds will continue to earn income until the check clears.
You will receive images of all checks paid with monthly statements.
Please do not use a check to withdraw all available funds or to close your account. Please contact PLGIT Client Services Group at 800-572-1472 for instructions on how to fully redeem your shares.
You may be charged a fee for writing a check that is returned for non-sufficient funds.
The first order of standard check stock, or a standard business checkbook, is provided at no out of pocket cost to an Investor if requested. Reorders of check stock can be made by contacting PLGIT Client Services Group at 800-572-1472. Please note that PLGIT will pass through reorder fees to the PLGIT Investor by debiting funds from an Investor-designated PLGIT account
Investors may order check stock from another vendor or print their own if they have the appropriate printing capabilities. Please contact PLGIT Client Services Group at 800-572-1472 for a document outlining PLGIT check specifications.
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This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Trust’s portfolios. This and other information about the Trust’s portfolios is available in the current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-800-572-1472 or is available on the Trust’s website at www.plgit.com. While the PLGIT and PLGIT/PRIME portfolios seek to maintain a stable net asset value of $1.00 per share and the PLGIT/TERM portfolio seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust’s portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.
A description of the PLGIT CD Purchase Program is contained in the PLGIT Information Statement. The Information Statement contains important information and should be read carefully before investing. Investors may purchase Certificates of Deposit through the PLGIT CD Purchase Program only by executing an investment advisory agreement with the Trust’s Investment Adviser, PFM Asset Management LLC.
SMPLGIT, PLGIT-Class Shares, PLGIT/Reserve-Class Shares, PLGIT/TERM, PLGIT-CD, PLGIT/PRIME, and PLGIT-CAP are service marks of the Pennsylvania Local Government Investment Trust.