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Article: Pioneer Investments Announces Participation in U.S. Treasury Temporary Money Market Fund Guarantee Program.
- Article from:
- Business Wire
- Article date:
- October 8, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- Pioneer Investments today announced that the Boards of Trustees of four Pioneer money market funds approved participation of the funds in the U.S. Treasury Department's Temporary Guarantee Program for Money Market Funds.
"Pioneer's U.S. money market funds consistently have maintained their $1 per share values, and we believe the funds are highly liquid and well diversified," said Daniel K. Kingsbury, President and Chief Executive Officer of Pioneer Investment Management USA Inc. "During this period of market unrest, Pioneer and the funds' Trustees are taking this step to provide an additional level of comfort to our shareholders," Kingsbury added.
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