Redemption Status of The Reserve Funds
Feb. 25, 2009
- Ameriprise Financial advanced 3 cents per share to client accounts holding The Reserve Primary Fund. The advance was completed during the week of February 23, 2009. This advance is separate from and in addition to the distributions from The Reserve described in the next bullet. For the details of this advance, log into My Financial Accounts and view "Q&A for Clients of The Reserve Funds."
- The Reserve completed a third distribution from the Reserve Primary Fund on Friday, February 20, 2009. You previously received partial distributions from the Reserve Primary Fund on October 31, 2008 and December 3, 2008. Together, these three distributions represent slightly more than 85% of outstanding Reserve Primary Fund shares. The Reserve has stated that they are planning additional distributions, but have not given any timeline.
The Reserve U.S. Government Fund: The Reserve completed the final distribution from the Reserve U.S. Government fund on January 16, 2009. Client accounts have been credited, including a dividend payment from the Reserve. For more information see this article.
When we receive redemptions from The Reserve, we will automatically distribute proceeds to your account. There is no action required on your part.
We have also received full redemptions for 12 other funds, listed in the table below, and have distributed these assets to client accounts. When we receive additional distributions or learn more we will update this document.
Sweep Fund |
Reserve Redemption Status |
|---|---|
Reserve Primary Fund |
|
Reserve U.S. Government Fund |
Redemption deposited in client accounts |
Reserve U. S. Treasury Fund Class R |
Redemption deposited in client accounts |
Reserve Interstate Tax-Exempt Fund Class R |
Redemption deposited in client accounts |
All state-specific municipal money market funds Class R (10 states) |
Redemption deposited in client accounts |
Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. The Ameriprise ONE® Financial Account is a brokerage account with cash management features.
An investment in a money market fund is not guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
Investment products are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution, and involves investment risks including possible loss of principal and fluctuation in value.
You should consider the investment objectives, risks, charges and expenses of mutual funds carefully before investing. For a free prospectus, which contains this and other important information about our funds, call (800) 862-7919. Read the prospectus carefully before you invest.
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