Treasury Extends Temporary Guarantee Program for Money Market Funds
The program will continue to provide coverage to shareholders up to the amount held in participating funds as of the close of business on September 19, 2008.
This extension will presumably be the Treasury's final extension, as Section 3(b) of the Guarantee Agreement provides that the program shall, in no event, be extended beyond 11:59 p.m., Washington DC time on September 18, 2009.
Click here to read the full text of WilmerHale’s April 1, 2009 Email Alert.