So, in both paragraphs, Dec 1, 2012 is the day...
YPG can no longer exchange outstanding Series 1 shares
in order to redeem your shares on Dec 31, 2012 you had to give them notice by Dec 1.
My broker, RBC DI, told me that YPG should be sending out a letter/form advising us that we have a choice to excercise the redemption. According to the prostpectus we would have to give up the certificates with the request. I suspect RBC has my certificates, so I would likely have to forward my redemption form to them first.
I'm new on this board, so it will take me a little to catch up to what has been happening/discussed.