The Reserve on Friday started making its fifth distribution to Primary Fund shareholders. The distribution amounts to $1 billion, representing 22 percent of the fund's remaining asset value of $4.5 billion as of end-September.

For the full story on the the death of the Reserve and its Primary Fund, see MFWire's timeline.

Counting the $1 billion, a total of $47.1 billion, or 92 percent of assets as of September 15, 2008, have been returned to investors. The fund broke the buck September 16 last year. 

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