> For the complete documentation index, see [llms.txt](https://wiki.subdao.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.subdao.network/product-guide/redemption.md).

# Redemption

**Start redemption period** 

After the subscription period ends and the Funding target is reached, the Manager can vote to make the DAO enter the Redemption Period.

<figure><img src="/files/2g5zwfZFk46dRkli4ngk" alt=""><figcaption></figcaption></figure>

**Redemption period**

In the redemption period, Holder and Manager can redeem all Equity Tokens. The picture below is a screenshot of Manager's redemption entry during the settlement period. Holder does not have a \[Bonus] button;

**Dividend**

Holder: Holder can redeem the entire principal and earnings by clicking \[Withdraw]. Manger: Manager can redeem all the principal and earnings by clicking \[Withdraw]; click \[Bonus] to withdraw dividends.


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