How much of my money market fund is insured? What happens if the number of shares held in my account increases or decreases after the close of business on September 19, 2008?
As stated on the Treasury’s Web site, the program provides a guarantee based on the number of shares held at the close of business on September 19, 2008. Any increase in the number of shares held in an account after the close of business on September 19, 2008, will not be guaranteed. If the number of shares held in an account fluctuates over the period, investors will be covered for either the number of shares held as of the close of business on September 19, 2008, or the current amount, whichever is less.
Related Questions
- How much of my money market fund is insured? What happens if the number of shares held in my account increases or decreases after the close of business on September 19, 2008?
- What happens if the number of shares an investor holds in a specific fund decreases below the level held at the close of business on September 19, 2008?
- What happens if the number of shares an investor holds in a specific fund increase above the level at the close of business on September 19, 2008?
