For example, 100,000 miles could be worth $ 1,000 when redeemed for cash back or gift cards. (mybanktracker.com)
Total cost: $ 150 (the value of the points if redeemed for cash instead). (freequentflyerbook.com)
Any shareholders remaining in the fund on the distribution date will automatically have their shares redeemed for cash at the net asset value as of the liquidation date. (proshares.com)