Has anyone done a *share class conversion* before?
How long does it take?
Do they wait for dividends to post before doing the conversion?
Would the conversion wait until the beginning of the month (assuming dividends are paid at the end of the month)?
Haven't done one in a while but you can do one any day - and they'll just convert the market value at close of one class into the other. Dividends/share will be paid based on the new share class at the next scheduled time. Pretty seamless.
I've done it several times by initially calling Fidelity Customer Service. They make request of another Fidelity department and my understanding is they have to contact the pertinent firm. I always make sure I met the minimum amount required of the new share class. Never had a problem so far. It usually took 2 or 3 days which was fine with me.