By using our Services and Partnership, you are agreeing to these terms and to the overall Term of Use. Please read them carefully.
Our Services are very diverse, so sometimes additional terms or requirements may apply. Additional terms will be available with the relevant Services, and those additional terms become part of your agreement with us if you use those Services.
Share capital is divided in voting and non voting shares and with every money transfer to one of our bank accounts you buy automatically non voting shares. The value of one non voting share corresponds to one US Dollar. The shares will, when booked, registered in our electronic share register and added as investment shares to your shareholder account.
Payment of dividends
There are two ways for your share capital investment and your dividends to choose from. If you've chosen dividend compounding, your dividends will be added as new shares and blocked to sell until your chosen participation time expires. Otherwise the dividends will be booked the same way, but you be able to bank wire the funds receiving for your dividend shares where ever you like to, direct from your shareholder account.
After expiration of the investment period, the by dividends accumulated shares and the purchased shares will be sold automatically back to FIRSTCONINVEST by electronic system equally as one share to one US Dollar. Know you can re-invest your money or bank wire it to any bank of your choice. The investment period is fixed and the capital can not be withdrawn before the end of the chosen investment period.
Calculation of dividends
The dividends vary for the different investing periods, because our investments made may differ for each time window. Therefore dividends are not equally calculated, they are calculated using a conversion key. Ultimately, all dividends will paid out annually or added as new shares if you've chosen compounding. Dividends are net and performance fee has been deducted, but might can vary.
The shares will be drawn in U.S. Dollar, however, the equity account led not only U.S. Dollar. It also leads the currencies Euro and Pound sterling. It is therefore not necessary to exchange currency into U.S. dollars to purchase shares. It is possible to purchase shares with any of the foregoing named currency and the amount transacted other than U.S. dollars will be credited in the respective currency and internally converted to U.S. dollar shares. Because of rate changes may cause constantly amount of shares vary.