The U.S. Treasury Department has established a Temporary Guarantee Program for Money Market Funds. Under this program, the U.S. Treasury will guarantee to investors that they will receive $1 for each money market fund share held as of close of business on September 19, 2008. Eligible funds must be regulated under Rule 2a-7 of the Investment Company Act of 1940, must maintain a stable share price of $1 and must be publicly offered and registered with the Securities and Exchange Commission. Both taxable and non-taxable funds are eligible for this program. To participate in the program, eligible funds must pay a fee and complete the Guarantee Agreement and corresponding documents found on this page. As this program covers all shareholders in a participating eligible fund as of close of business on September 19, 2008, individual investors cannot sign-up for the program.
For more information, visit the U.S. Treasury Web Site.