Ensuring that your investors have the correct preferred/interest start date for their investments is vital to calculating their interest accurately! There is always the option to indicate within your distribution plan's preferred / interest payment hurdle by class, however, some cases call for individual pref/int start dates or certain groups of investors to start to accrue pref / interest on different days from others. In cases like these, the following steps will walk through how this can be accomplished.
*Please note that the ability to edit pref start dates using the tools below can only be completed if the tool has been enabled within our portal. To have this feature enabled, please reach out to our customer experience team at support@investnext.com.
Step by Step Instructions
Single Investment Pref. Start Date Editing
Step 1. Navigate to the investor's investment within the appropriate project
Step 2. Click Edit
Step 3. Within the Edit Investment window, input the correct date within the Pref Start Date field
Mass Investment Pref. Start Date Editing
Step 1. Navigate to the Transactions tab of the appropriate Project
Step 2. Select the Investments that need to be edited using the selection boxes to the left
Using the Activity field to filter for Investments can save time if there are a large number of transactions
Step 3. After the appropriate investments have been selected, click the Edit Transaction button
Step 4. Input the correct pref. start date within the pop-up window
NOTE: You can not undo this on scale. You would have to go into each position and remove the Pref Start Date one at a time. Make sure you have the correct data prior to editing. Now, you can change the Pref Start Date on scale, just can't remove it altogether.
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