When selling positions, the price of your portfolio units (share prices) will be calculated at the close of the NYSE on the same business day the request is received, if deemed to be in good order, by Fidelity.1
If your 529 account has more than one portfolio (investment option), Fidelity will sell portfolio positions proportionately to their value held in the designated 529 account. You may want to consult with a tax professional before making a distribution.
To safeguard against potential market fluctuation, your 529 balance available for direct debit will be limited to 95% your account’s market value, as of the close of the NYSE on the prior business day.1