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Monday, November 24, 2008|
Reserve Plans Round Two of Primary Fund Distribution Next Week
The Reserve said Friday that the second cash distribution, amounting to about $14 billion, for the Reserve Primary Fund will occur on or about December 5.
For the full story on the the death of the Reserve and its Primary Fund, see MFWire's timeline.
In late October, the New York firm made an initial distribution of $26 billion to the fund's shareholders (see The MFWire, October 31, 2008). The fund broke the buck on September 16.
Below is the announcement posted on the Reserve's Web site:
Printed from: MFWire.com/story.asp?s=19983
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