Faqs
What is the minimum initial investment to purchase shares in the Delafield Fund?
The minimum initial investment for an individual/joint/trust/custodial account is $5,000. The minimum initial investment for an IRA account is $250.
Does the Delafield Fund have back-end/deferred sales charges or any loads?
No. The Delafield Fund is a no-load fund.
How do I open a new account?
First, obtain and read the prospectus carefully before you invest
or send money. The prospectus
includes more complete information, including risks, fees and expenses.
Then simply fill out an application,
and send the application and a check made payable to "Delafield
Fund, Inc." to:
Delafield Fund, Inc.
600 Fifth Avenue
New York, NY 10020
If you wish to open an IRA account, please call the fund’s
Transfer Agent at 800-221-3079 to request an IRA
package or complete our online
information request form and an IRA package will be mailed to
you immediately.
An account may also be established by wire. Fax your application to 212-830-5476 and indicate that you will be wiring funds. Please call 800-221-3079 immediately in order to receive your account number. You will need an account number to wire the funds. Then, mail us the original application. Wiring instructions are as follows:
Bank of New York
ABA Number: 021 000 018
Reich & Tang Funds
A/C Number: 890 0403 527
For Delafield Fund, Inc.
For New A/C #819-________________
Name of ________________________
Please contact the fund's Transfer Agent at 800-221-3079 for further questions about wiring instructions.
How can I purchase additional shares?
Additional shares can be purchased by mail or telephone. Purchases made by telephone may be paid for by check, wire or electronic funds transfer.
What is the minimum for subsequent investments?
There is no minimum for subsequent purchases into the Delafield Fund.
What are the fund's fees and how are they assessed?
For more information on the fund's fees, please refer to the prospectus.
How often are statements sent?
A confirmation statement is sent to you promptly after all transactions. Additionally, statements are sent to investors every quarter. These statements detail all activity in your account.
Does the Delafield Fund declare dividends and capital gains?
Yes. Income dividends are declared in June and December. Capital gains are declared at the end of December only. An investor has the option to receive distributions in cash or to have all dividends and capital gains reinvested. There is no guarantee that distributions will be paid in any given year and past payment of distributions does not guarantee future payments.
What is a Signature Guarantee?
A Signature Guarantee is verification from a financial institution that a signature is not a forgery. A Signature Guarantee may be signed by an eligible guarantor and cannot be qualified in any way. See "Where can I get a Signature Guarantee," below.
When do I need a Signature Guarantee?
A Signature Guarantee is required when:
- You wish to change the original address of record on your account.
- You are requesting that payment be made to a name other than the one on your account registration.
- You are requesting that payment be sent to an address different than the one listed on the account.
- You change or add information relating to your designated bank.
- You wish to add or remove an individual or party to or from your account registration.
Delafield Fund, Inc. reserves the right to require a Signature Guarantee under certain other circumstances.
Why do I need a Signature Guarantee?
The Delafield Fund requires a Signature Guarantee for certain transactions to protect the security of your account. A Signature Guarantee may be obtained from a bank or brokerage house. The guarantee means that the signature is legitimate and that the institution granting the stamp will be liable in the event of fraud. A notarization alone does not guarantee a signature.
Where can I get a Signature Guarantee?
You can get a Signature Guarantee from most broker-dealers, national or state banks, credit unions, federal savings and loan associations or other eligible institutions. You cannot obtain a Signature Guarantee from a notary public. The Signature Guarantee must appear on the same document as the signature(s) being guaranteed and as close as possible to the signature.
Can I set up an Automatic Investment Plan with Delafield?
Yes. After purchasing shares by telephone, you may initiate an automatic wire transfer of funds from your bank account or payroll into your Delafield Fund account. Please contact the fund's Transfer Agent at 800-221-3079 for questions regarding wiring instructions and electronic funds transfer information or to have an Automatic Investment Form sent to you.
Can I change the amount of my Automatic Investment Plan purchases by telephone?
You may not increase, decrease, discontinue or reinstate the amount that you purchase through your Automatic Investment Plan over the telephone. For your security purposes, we request that all changes to the Automatic Investment Plan be sent to us in writing and that they be Signature Guaranteed.
Are there any exchange privileges associated with the Delafield Fund?
Investors can exchange between the Delafield Fund and the Reich & Tang Money Market Funds*. Exchanges are made at the next net asset value calculation following the exchange request. There is no limitation to the frequency of exchanges. If you wish to make an exchange, please contact a Transfer Agent representative at 800-221-3079.
Note: Exchanging fund shares may be a taxable event. Please consult with a tax professional.
How do I change the address on my account?
If you wish to change the original address of record on an account, simply mail us a Signature Guaranteed letter referencing your account number, your name and your new address. Or, you can tear off the bottom portion of your quarterly statement and return that to us with your new address clearly printed.
If the information you are seeking is not here, please call the fund's Transfer Agent at 800-221-3079 between the hours of 8:30 a.m. and 5:30 p.m. eastern time, Monday through Friday.
*An investment in any Reich & Tang Money Market Fund (collectively, the "Funds") is not guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds.
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